Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,416
Federal tax deduction
- $6,431
Provincial tax deduction
- $4,980
CPP deduction
- $2,503
EI deduction
- $749
Total tax
- $14,664
Net pay
* $32,752
Marginal tax rate
35.5%
Average tax rate
30.9%
69.1%
Net pay
30.9%
Total tax
Total tax
Net pay
The Taxberg
$32,752
Net pay
$3,552
Tax the employer pays
$14,664
Tax you pay
Total tax paid
$18,216
Did you know your employer also pays tax on your salary? It costs the employer $3,552 to pay you $47,416. In other words, every time you spend $10 of your hard-earned money, $3.84 goes to the government.
Real tax rate
35.7%
So, with you and the employer both paying tax, what used to be a 30.9% tax rate now rises to 35.7%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $47,416 a year living in the region of Nova Scotia, Canada, you will be taxed $14,664. That means that your net pay will be $32,752 per year, or $2,729 per month. Your average tax rate is 30.9% and your marginal tax rate is 35.5%. 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 $35.50, hence, your net pay will only increase by $64.50.
Bonus Example
A $1,000 bonus will generate an extra $645 of net incomes. A $5,000 bonus will generate an extra $3,225 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 35,935
24.2%
1
British Columbia
CAD 35,383
25.4%
2
Northwest Territories
CAD 35,067
26.0%
3
Yukon
CAD 34,988
26.2%
4
Ontario
CAD 34,904
26.4%
5
Quebec
CAD 34,007
28.3%
6
New Brunswick
CAD 33,444
29.5%
7
Newfoundland and Labrador
CAD 33,411
29.5%
8
Alberta
CAD 33,316
29.7%
9
Saskatchewan
CAD 33,064
30.3%
10
Nova Scotia
CAD 32,752
30.9%
11
Prince Edward Island
CAD 32,786
30.9%
12
Manitoba
CAD 32,709
31.0%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,398
19.0%
1
Canada
CAD 34,904
26.4%
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.