Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,064
Federal tax deduction
- $6,243
Provincial tax deduction
- $1,730
CPP deduction
- $2,426
EI deduction
- $728
Total tax
- $11,127
Net pay
* $34,937
Marginal tax rate
26.2%
Average tax rate
24.2%
75.8%
Net pay
24.2%
Total tax
Total tax
Net pay
The Taxberg
$34,937
Net pay
$3,445
Tax the employer pays
$11,127
Tax you pay
Total tax paid
$14,573
Did you know your employer also pays tax on your salary? It costs the employer $3,445 to pay you $46,064. In other words, every time you spend $10 of your hard-earned money, $3.16 goes to the government.
Real tax rate
29.4%
So, with you and the employer both paying tax, what used to be a 24.2% tax rate now rises to 29.4%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
Summary
If you make $46,064 a year living in the region of Nunavut, Canada, you will be taxed $11,127. That means that your net pay will be $34,937 per year, or $2,911 per month. Your average tax rate is 24.2% and your marginal tax rate is 26.2%. 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 $26.18, hence, your net pay will only increase by $73.82.
Bonus Example
A $1,000 bonus will generate an extra $738 of net incomes. A $5,000 bonus will generate an extra $3,691 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 34,937
24.2%
1
British Columbia
CAD 34,416
25.3%
2
Northwest Territories
CAD 34,109
26.0%
3
Ontario
CAD 33,985
26.2%
4
Yukon
CAD 34,003
26.2%
5
Quebec
CAD 33,154
28.0%
6
New Brunswick
CAD 32,569
29.3%
7
Newfoundland and Labrador
CAD 32,533
29.4%
8
Alberta
CAD 32,376
29.7%
9
Saskatchewan
CAD 32,147
30.2%
10
Nova Scotia
CAD 31,880
30.8%
11
Prince Edward Island
CAD 31,898
30.8%
12
Manitoba
CAD 31,805
31.0%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,397
18.8%
1
Canada
CAD 33,985
26.2%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 42,813
7.1%
1
Taiwan
CAD 40,964
11.1%
2
Thailand
CAD 39,693
13.8%
3
Australia
CAD 38,880
15.6%
4
South Korea
CAD 38,023
17.5%
5
New Zealand
CAD 37,399
18.8%
6
Kazakhstan
CAD 36,947
19.8%
7
Indonesia
CAD 36,183
21.5%
8
Singapore
CAD 35,975
21.9%
9
Pakistan
CAD 35,820
22.2%
10
Japan
CAD 35,344
23.3%
11
Malaysia
CAD 34,980
24.1%
12
Philippines
CAD 34,089
26.0%
13
Vietnam
CAD 32,725
29.0%
14
China
CAD 30,852
33.0%
15
India
CAD 29,390
36.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 41,647
9.6%
1
Puerto Rico
CAD 40,060
13.0%
2
Costa Rica
CAD 39,880
13.4%
3
Ecuador
CAD 38,656
16.1%
4
Panama
CAD 37,148
19.4%
5
Colombia
CAD 36,917
19.9%
6
Chile
CAD 36,729
20.3%
7
Peru
CAD 34,987
24.1%
8
Mexico
CAD 34,911
24.2%
9
Brazil
CAD 34,179
25.8%
10
Uruguay
CAD 33,043
28.3%
11
Argentina
CAD 29,932
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,237
23.5%
1
Angola
CAD 33,753
26.7%
2
Mozambique
CAD 33,022
28.3%
3
Kenya
CAD 32,951
28.5%
4
Ghana
CAD 31,861
30.8%
5
Nigeria
CAD 31,506
31.6%
6
Ivory Coast
CAD 31,494
31.6%
7
Morocco
CAD 31,062
32.6%
8
Uganda
CAD 30,312
34.2%
9
Cameroon
CAD 29,763
35.4%
10
Senegal
CAD 29,232
36.5%
11
Zambia
CAD 28,736
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 43,761
5.0%
1
Qatar
CAD 43,761
5.0%
2
Bahrain
CAD 42,379
8.0%
3
Oman
CAD 42,379
8.0%
4
Saudi Arabia
CAD 41,458
10.0%
5
Kuwait
CAD 40,997
11.0%
6
Israel
CAD 37,953
17.6%
7
Egypt
CAD 34,933
24.2%
8
Lebanon
CAD 34,812
24.4%
9
Turkey
CAD 27,095
41.2%
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.