Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$10,507
Federal tax deduction
- $1,298
Provincial tax deduction
- $398
CPP deduction
- $399
EI deduction
- $166
Total tax
- $2,261
Net pay
* $8,246
Marginal tax rate
24.9%
Average tax rate
21.5%
78.5%
Net pay
21.5%
Total tax
Total tax
Net pay
The Taxberg
$8,246
Net pay
$632
Tax the employer pays
$2,261
Tax you pay
Total tax paid
$2,893
Did you know your employer also pays tax on your salary? It costs the employer $632 to pay you $10,507. In other words, every time you spend $10 of your hard-earned money, $2.75 goes to the government.
Real tax rate
26.0%
So, with you and the employer both paying tax, what used to be a 21.5% tax rate now rises to 26.0%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $10,507 a year living in the region of Nunavut, Canada, you will be taxed $2,261. That means that your net pay will be $8,246 per year, or $687 per month. Your average tax rate is 21.5% and your marginal tax rate is 24.9%. 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 $24.89, hence, your net pay will only increase by $75.11.
Bonus Example
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,756 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 8,820
16.1%
1
British Columbia
CAD 8,626
17.9%
2
Nunavut
CAD 8,246
21.5%
3
Ontario
CAD 8,159
22.3%
4
Yukon
CAD 8,090
23.0%
5
Northwest Territories
CAD 8,057
23.3%
6
Newfoundland and Labrador
CAD 7,778
26.0%
7
Nova Scotia
CAD 7,770
26.1%
8
New Brunswick
CAD 7,709
26.6%
9
Prince Edward Island
CAD 7,669
27.0%
10
Alberta
CAD 7,649
27.2%
11
Saskatchewan
CAD 7,600
27.7%
12
Manitoba
CAD 7,570
28.0%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 9,588
8.7%
1
Canada
CAD 8,159
22.4%
2
NOTE* Withholding is calculated based on the Nunavut 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.