Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$31,342
Federal tax deduction
- $4,196
Provincial tax deduction
- $1,170
CPP deduction
- $1,587
EI deduction
- $495
Total tax
- $7,449
Net pay
* $23,893
Marginal tax rate
24.9%
Average tax rate
23.8%
76.2%
Net pay
23.8%
Total tax
Total tax
Net pay
The Taxberg
$23,893
Net pay
$2,280
Tax the employer pays
$7,449
Tax you pay
Total tax paid
$9,729
Did you know your employer also pays tax on your salary? It costs the employer $2,280 to pay you $31,342. In other words, every time you spend $10 of your hard-earned money, $3.10 goes to the government.
Real tax rate
28.9%
So, with you and the employer both paying tax, what used to be a 23.8% tax rate now rises to 28.9%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $31,342 a year living in the region of Nunavut, Canada, you will be taxed $7,449. That means that your net pay will be $23,893 per year, or $1,991 per month. Your average tax rate is 23.8% 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.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 23,893
23.8%
1
British Columbia
CAD 23,737
24.3%
2
Quebec
CAD 23,521
25.0%
3
Northwest Territories
CAD 23,338
25.5%
4
Ontario
CAD 23,286
25.7%
5
Yukon
CAD 23,274
25.7%
6
Newfoundland and Labrador
CAD 22,518
28.2%
7
Nova Scotia
CAD 22,384
28.6%
8
New Brunswick
CAD 22,313
28.8%
9
Prince Edward Island
CAD 22,164
29.3%
10
Alberta
CAD 22,138
29.4%
11
Saskatchewan
CAD 21,992
29.8%
12
Manitoba
CAD 21,901
30.1%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 26,453
15.6%
1
Canada
CAD 23,286
25.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 28,337
9.6%
1
Costa Rica
CAD 28,012
10.6%
2
Puerto Rico
CAD 27,934
10.9%
3
Ecuador
CAD 27,253
13.1%
4
Colombia
CAD 26,583
15.2%
5
Panama
CAD 26,011
17.0%
6
Chile
CAD 25,335
19.2%
7
Mexico
CAD 24,787
20.9%
8
Peru
CAD 24,096
23.1%
9
Brazil
CAD 23,505
25.0%
10
Uruguay
CAD 22,942
26.8%
11
Argentina
CAD 20,363
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 25,493
18.7%
1
Mozambique
CAD 23,334
25.6%
2
Angola
CAD 23,043
26.5%
3
Kenya
CAD 22,645
27.8%
4
Morocco
CAD 22,141
29.4%
5
Ivory Coast
CAD 22,138
29.4%
6
Ghana
CAD 22,122
29.4%
7
Nigeria
CAD 21,492
31.4%
8
Cameroon
CAD 20,799
33.6%
9
Uganda
CAD 20,782
33.7%
10
Senegal
CAD 20,374
35.0%
11
Zambia
CAD 19,682
37.2%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 29,775
5.0%
1
Qatar
CAD 29,775
5.0%
2
Bahrain
CAD 28,835
8.0%
3
Oman
CAD 28,835
8.0%
4
Saudi Arabia
CAD 28,208
10.0%
5
Kuwait
CAD 27,894
11.0%
6
Israel
CAD 26,917
14.1%
7
Egypt
CAD 23,891
23.8%
8
Lebanon
CAD 23,770
24.2%
9
Turkey
CAD 18,301
41.6%
10
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.