Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,384
Federal tax deduction
- $5,732
Provincial tax deduction
- $1,580
CPP deduction
- $2,216
EI deduction
- $670
Total tax
- $10,198
Net pay
* $32,186
Marginal tax rate
24.9%
Average tax rate
24.1%
75.9%
Net pay
24.1%
Total tax
Total tax
Net pay
The Taxberg
$32,186
Net pay
$3,154
Tax the employer pays
$10,198
Tax you pay
Total tax paid
$13,352
Did you know your employer also pays tax on your salary? It costs the employer $3,154 to pay you $42,384. 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 $42,384 a year living in the region of Nunavut, Canada, you will be taxed $10,198. That means that your net pay will be $32,186 per year, or $2,682 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.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,186
24.1%
1
British Columbia
CAD 31,743
25.1%
2
Northwest Territories
CAD 31,436
25.8%
3
Ontario
CAD 31,322
26.1%
4
Yukon
CAD 31,321
26.1%
5
Quebec
CAD 30,766
27.4%
6
Newfoundland and Labrador
CAD 30,143
28.9%
7
New Brunswick
CAD 30,051
29.1%
8
Alberta
CAD 29,817
29.7%
9
Saskatchewan
CAD 29,619
30.1%
10
Nova Scotia
CAD 29,507
30.4%
11
Prince Edward Island
CAD 29,479
30.4%
12
Manitoba
CAD 29,345
30.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,606
11.3%
1
Russia
CAD 36,874
13.0%
2
Ireland
CAD 36,406
14.1%
3
United Kingdom
CAD 35,777
15.6%
4
France
CAD 35,558
16.1%
5
Hungary
CAD 34,543
18.5%
6
Ukraine
CAD 34,119
19.5%
7
Norway
CAD 33,834
20.2%
8
Luxembourg
CAD 33,566
20.8%
9
Czech Republic
CAD 33,168
21.8%
10
Spain
CAD 32,961
22.2%
11
Austria
CAD 32,563
23.2%
12
Sweden
CAD 30,200
28.8%
13
Greece
CAD 29,916
29.4%
14
Germany
CAD 29,474
30.5%
15
Italy
CAD 29,015
31.5%
16
Poland
CAD 28,800
32.1%
17
Denmark
CAD 28,485
32.8%
18
Finland
CAD 27,608
34.9%
19
Netherlands
CAD 26,672
37.1%
20
Portugal
CAD 26,515
37.4%
21
Romania
CAD 24,795
41.5%
22
Belgium
CAD 23,514
44.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,674
18.2%
1
Canada
CAD 31,322
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,628
6.5%
1
Taiwan
CAD 37,782
10.9%
2
Thailand
CAD 36,933
12.9%
3
Australia
CAD 36,470
14.0%
4
South Korea
CAD 35,177
17.0%
5
New Zealand
CAD 34,875
17.7%
6
Kazakhstan
CAD 33,966
19.9%
7
Indonesia
CAD 33,566
20.8%
8
Pakistan
CAD 33,336
21.4%
9
Singapore
CAD 33,295
21.4%
10
Japan
CAD 32,837
22.5%
11
Malaysia
CAD 32,597
23.1%
12
Philippines
CAD 31,626
25.4%
13
Vietnam
CAD 30,420
28.2%
14
China
CAD 28,571
32.6%
15
India
CAD 27,300
35.6%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,320
9.6%
1
Puerto Rico
CAD 37,177
12.3%
2
Costa Rica
CAD 36,959
12.8%
3
Ecuador
CAD 35,826
15.5%
4
Panama
CAD 34,364
18.9%
5
Colombia
CAD 34,341
19.0%
6
Chile
CAD 33,879
20.1%
7
Mexico
CAD 32,437
23.5%
8
Peru
CAD 32,314
23.8%
9
Brazil
CAD 31,511
25.7%
10
Uruguay
CAD 30,616
27.8%
11
Argentina
CAD 27,540
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,881
22.4%
1
Angola
CAD 31,076
26.7%
2
Mozambique
CAD 30,630
27.7%
3
Kenya
CAD 30,375
28.3%
4
Ghana
CAD 29,426
30.6%
5
Ivory Coast
CAD 29,215
31.1%
6
Nigeria
CAD 29,003
31.6%
7
Morocco
CAD 28,832
32.0%
8
Uganda
CAD 27,959
34.0%
9
Cameroon
CAD 27,522
35.1%
10
Senegal
CAD 27,024
36.2%
11
Zambia
CAD 26,473
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,265
5.0%
1
Qatar
CAD 40,265
5.0%
2
Bahrain
CAD 38,993
8.0%
3
Oman
CAD 38,993
8.0%
4
Saudi Arabia
CAD 38,146
10.0%
5
Kuwait
CAD 37,722
11.0%
6
Israel
CAD 35,296
16.7%
7
Egypt
CAD 32,173
24.1%
8
Lebanon
CAD 32,052
24.4%
9
Turkey
CAD 24,952
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.