Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,450
Federal tax deduction
- $3,237
Provincial tax deduction
- $2,010
CPP deduction
- $1,194
EI deduction
- $386
Total tax
- $6,828
Net pay
* $17,622
Marginal tax rate
29.3%
Average tax rate
27.9%
72.1%
Net pay
27.9%
Total tax
Total tax
Net pay
The Taxberg
$17,622
Net pay
$1,735
Tax the employer pays
$6,828
Tax you pay
Total tax paid
$8,563
Did you know your employer also pays tax on your salary? It costs the employer $1,735 to pay you $24,450. In other words, every time you spend $10 of your hard-earned money, $3.50 goes to the government.
Real tax rate
32.7%
So, with you and the employer both paying tax, what used to be a 27.9% tax rate now rises to 32.7%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $24,450 a year living in the region of Nova Scotia, Canada, you will be taxed $6,828. That means that your net pay will be $17,622 per year, or $1,468 per month. Your average tax rate is 27.9% and your marginal tax rate is 29.3%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $29.34, hence, your net pay will only increase by $70.66.
Bonus Example
A $1,000 bonus will generate an extra $707 of net incomes. A $5,000 bonus will generate an extra $3,533 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,998
22.3%
1
British Columbia
CAD 18,867
22.8%
2
Nunavut
CAD 18,717
23.4%
3
Northwest Territories
CAD 18,283
25.2%
4
Yukon
CAD 18,251
25.4%
5
Ontario
CAD 18,210
25.5%
6
Newfoundland and Labrador
CAD 17,643
27.8%
7
Nova Scotia
CAD 17,622
27.9%
8
New Brunswick
CAD 17,482
28.5%
9
Prince Edward Island
CAD 17,391
28.9%
10
Alberta
CAD 17,345
29.1%
11
Saskatchewan
CAD 17,231
29.5%
12
Manitoba
CAD 17,162
29.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,198
13.3%
1
Canada
CAD 18,210
25.5%
2
NOTE* Withholding is calculated based on the Nova Scotia tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.