Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,657
Federal tax deduction
- $6,326
Provincial tax deduction
- $1,760
CPP deduction
- $2,460
EI deduction
- $737
Total tax
- $11,283
Net pay
* $35,374
Marginal tax rate
26.2%
Average tax rate
24.2%
75.8%
Net pay
24.2%
Total tax
Total tax
Net pay
The Taxberg
$35,374
Net pay
$3,492
Tax the employer pays
$11,283
Tax you pay
Total tax paid
$14,775
Did you know your employer also pays tax on your salary? It costs the employer $3,492 to pay you $46,657. In other words, every time you spend $10 of your hard-earned money, $3.17 goes to the government.
Real tax rate
29.5%
So, with you and the employer both paying tax, what used to be a 24.2% tax rate now rises to 29.5%, meaning your real tax rate is actually 5.3% higher than what it seemed at first.
Summary
If you make $46,657 a year living in the region of Nunavut, Canada, you will be taxed $11,283. That means that your net pay will be $35,374 per year, or $2,948 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.
North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,836
18.9%
1
Canada
CAD 34,388
26.3%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,324
5.0%
1
Qatar
CAD 44,324
5.0%
2
Bahrain
CAD 42,924
8.0%
3
Oman
CAD 42,924
8.0%
4
Saudi Arabia
CAD 41,991
10.0%
5
Kuwait
CAD 41,525
11.0%
6
Israel
CAD 38,381
17.7%
7
Egypt
CAD 35,378
24.2%
8
Lebanon
CAD 35,256
24.4%
9
Turkey
CAD 27,440
41.2%
10
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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.