Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$38,308
Federal tax deduction
- $5,165
Provincial tax deduction
- $1,429
CPP deduction
- $1,984
EI deduction
- $605
Total tax
- $9,183
Net pay
* $29,125
Marginal tax rate
24.9%
Average tax rate
24.0%
76.0%
Net pay
24.0%
Total tax
Total tax
Net pay
The Taxberg
$29,125
Net pay
$2,831
Tax the employer pays
$9,183
Tax you pay
Total tax paid
$12,014
Did you know your employer also pays tax on your salary? It costs the employer $2,831 to pay you $38,308. In other words, every time you spend $10 of your hard-earned money, $3.14 goes to the government.
Real tax rate
29.2%
So, with you and the employer both paying tax, what used to be a 24% tax rate now rises to 29.2%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
Summary
If you make $38,308 a year living in the region of Nunavut, Canada, you will be taxed $9,183. That means that your net pay will be $29,125 per year, or $2,427 per month. Your average tax rate is 24.0% 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
North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,659
17.4%
1
Canada
CAD 28,351
26.0%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 34,635
9.6%
1
Puerto Rico
CAD 33,808
11.8%
2
Costa Rica
CAD 33,676
12.1%
3
Ecuador
CAD 32,690
14.7%
4
Colombia
CAD 31,487
17.8%
5
Panama
CAD 31,280
18.3%
6
Chile
CAD 30,789
19.6%
7
Mexico
CAD 29,683
22.5%
8
Peru
CAD 29,321
23.5%
9
Brazil
CAD 28,556
25.5%
10
Uruguay
CAD 27,673
27.8%
11
Argentina
CAD 24,891
35.0%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 36,393
5.0%
1
Qatar
CAD 36,393
5.0%
2
Bahrain
CAD 35,243
8.0%
3
Oman
CAD 35,243
8.0%
4
Saudi Arabia
CAD 34,477
10.0%
5
Kuwait
CAD 34,094
11.0%
6
Israel
CAD 32,211
15.9%
7
Egypt
CAD 29,116
24.0%
8
Lebanon
CAD 28,995
24.3%
9
Turkey
CAD 22,578
41.1%
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.