Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,302
Federal tax deduction
- $5,720
Provincial tax deduction
- $1,577
CPP deduction
- $2,212
EI deduction
- $668
Total tax
- $10,177
Net pay
* $32,125
Marginal tax rate
24.9%
Average tax rate
24.1%
75.9%
Net pay
24.1%
Total tax
Total tax
Net pay
The Taxberg
$32,125
Net pay
$3,147
Tax the employer pays
$10,177
Tax you pay
Total tax paid
$13,325
Did you know your employer also pays tax on your salary? It costs the employer $3,147 to pay you $42,302. In other words, every time you spend $10 of your hard-earned money, $3.15 goes to the government.
Real tax rate
29.3%
So, with you and the employer both paying tax, what used to be a 24.1% tax rate now rises to 29.3%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
Summary
If you make $42,302 a year living in the region of Nunavut, Canada, you will be taxed $10,177. That means that your net pay will be $32,125 per year, or $2,677 per month. Your average tax rate is 24.1% 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
Nunavut
CAD 32,125
24.1%
1
British Columbia
CAD 31,683
25.1%
2
Northwest Territories
CAD 31,376
25.8%
3
Ontario
CAD 31,261
26.1%
4
Yukon
CAD 31,261
26.1%
5
Quebec
CAD 30,712
27.4%
6
Newfoundland and Labrador
CAD 30,089
28.9%
7
New Brunswick
CAD 29,993
29.1%
8
Alberta
CAD 29,759
29.6%
9
Saskatchewan
CAD 29,562
30.1%
10
Nova Scotia
CAD 29,454
30.4%
11
Prince Edward Island
CAD 29,425
30.4%
12
Manitoba
CAD 29,290
30.8%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,614
18.2%
1
Canada
CAD 31,261
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,556
6.5%
1
Taiwan
CAD 37,711
10.9%
2
Thailand
CAD 36,872
12.8%
3
Australia
CAD 36,416
13.9%
4
South Korea
CAD 35,113
17.0%
5
New Zealand
CAD 34,818
17.7%
6
Kazakhstan
CAD 33,900
19.9%
7
Indonesia
CAD 33,506
20.8%
8
Pakistan
CAD 33,281
21.3%
9
Singapore
CAD 33,235
21.4%
10
Japan
CAD 32,781
22.5%
11
Malaysia
CAD 32,544
23.1%
12
Philippines
CAD 31,571
25.4%
13
Vietnam
CAD 30,368
28.2%
14
China
CAD 28,520
32.6%
15
India
CAD 27,254
35.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,246
9.6%
1
Puerto Rico
CAD 37,113
12.3%
2
Costa Rica
CAD 36,893
12.8%
3
Ecuador
CAD 35,763
15.5%
4
Panama
CAD 34,302
18.9%
5
Colombia
CAD 34,283
19.0%
6
Chile
CAD 33,817
20.1%
7
Mexico
CAD 32,382
23.5%
8
Peru
CAD 32,255
23.8%
9
Brazil
CAD 31,451
25.7%
10
Uruguay
CAD 30,557
27.8%
11
Argentina
CAD 27,487
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,829
22.4%
1
Angola
CAD 31,016
26.7%
2
Mozambique
CAD 30,577
27.7%
3
Kenya
CAD 30,317
28.3%
4
Ghana
CAD 29,372
30.6%
5
Ivory Coast
CAD 29,165
31.1%
6
Nigeria
CAD 28,947
31.6%
7
Morocco
CAD 28,782
32.0%
8
Uganda
CAD 27,906
34.0%
9
Cameroon
CAD 27,472
35.1%
10
Senegal
CAD 26,975
36.2%
11
Zambia
CAD 26,422
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,187
5.0%
1
Qatar
CAD 40,187
5.0%
2
Bahrain
CAD 38,918
8.0%
3
Oman
CAD 38,918
8.0%
4
Saudi Arabia
CAD 38,072
10.0%
5
Kuwait
CAD 37,649
11.0%
6
Israel
CAD 35,233
16.7%
7
Egypt
CAD 32,111
24.1%
8
Lebanon
CAD 31,990
24.4%
9
Turkey
CAD 24,904
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.