Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,208
Federal tax deduction
- $3,204
Provincial tax deduction
- $906
CPP deduction
- $1,180
EI deduction
- $382
Total tax
- $5,672
Net pay
* $18,536
Marginal tax rate
24.9%
Average tax rate
23.4%
76.6%
Net pay
23.4%
Total tax
Total tax
Net pay
The Taxberg
$18,536
Net pay
$1,716
Tax the employer pays
$5,672
Tax you pay
Total tax paid
$7,388
Did you know your employer also pays tax on your salary? It costs the employer $1,716 to pay you $24,208. In other words, every time you spend $10 of your hard-earned money, $3.05 goes to the government.
Real tax rate
28.5%
So, with you and the employer both paying tax, what used to be a 23.4% tax rate now rises to 28.5%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $24,208 a year living in the region of Nunavut, Canada, you will be taxed $5,672. That means that your net pay will be $18,536 per year, or $1,545 per month. Your average tax rate is 23.4% 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.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,839
22.2%
1
British Columbia
CAD 18,693
22.8%
2
Nunavut
CAD 18,536
23.4%
3
Northwest Territories
CAD 18,105
25.2%
4
Yukon
CAD 18,075
25.3%
5
Ontario
CAD 18,045
25.5%
6
Newfoundland and Labrador
CAD 17,471
27.8%
7
Nova Scotia
CAD 17,451
27.9%
8
New Brunswick
CAD 17,313
28.5%
9
Prince Edward Island
CAD 17,222
28.9%
10
Alberta
CAD 17,177
29.0%
11
Saskatchewan
CAD 17,064
29.5%
12
Manitoba
CAD 16,996
29.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,011
13.2%
1
Canada
CAD 18,045
25.5%
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.