Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$15,481
Federal tax deduction
- $1,990
Provincial tax deduction
- $582
CPP deduction
- $683
EI deduction
- $245
Total tax
- $3,500
Net pay
* $11,981
Marginal tax rate
24.9%
Average tax rate
22.6%
77.4%
Net pay
22.6%
Total tax
Total tax
Net pay
The Taxberg
$11,981
Net pay
$1,025
Tax the employer pays
$3,500
Tax you pay
Total tax paid
$4,525
Did you know your employer also pays tax on your salary? It costs the employer $1,025 to pay you $15,481. In other words, every time you spend $10 of your hard-earned money, $2.92 goes to the government.
Real tax rate
27.4%
So, with you and the employer both paying tax, what used to be a 22.6% tax rate now rises to 27.4%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $15,481 a year living in the region of Nunavut, Canada, you will be taxed $3,500. That means that your net pay will be $11,981 per year, or $998 per month. Your average tax rate is 22.6% 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 $24.90, hence, your net pay will only increase by $75.10.
Bonus Example
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,755 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 12,829
17.1%
1
British Columbia
CAD 12,318
20.4%
2
Nunavut
CAD 11,981
22.6%
3
Ontario
CAD 11,829
23.6%
4
Yukon
CAD 11,714
24.3%
5
Northwest Territories
CAD 11,705
24.4%
6
Newfoundland and Labrador
CAD 11,297
27.0%
7
Nova Scotia
CAD 11,284
27.1%
8
New Brunswick
CAD 11,195
27.7%
9
Prince Edward Island
CAD 11,137
28.1%
10
Alberta
CAD 11,108
28.2%
11
Saskatchewan
CAD 11,035
28.7%
12
Manitoba
CAD 10,992
29.0%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 13,968
9.8%
1
Canada
CAD 11,829
23.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 14,259
7.9%
1
Colombia
CAD 14,198
8.3%
2
Ecuador
CAD 14,018
9.5%
3
Guatemala
CAD 13,997
9.6%
4
Costa Rica
CAD 13,855
10.5%
5
Panama
CAD 13,778
11.0%
6
Mexico
CAD 12,954
16.3%
7
Chile
CAD 12,756
17.6%
8
Brazil
CAD 12,523
19.1%
9
Uruguay
CAD 12,369
20.1%
10
Peru
CAD 12,160
21.5%
11
Argentina
CAD 10,053
35.1%
12
Show more
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.