Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,008
Federal tax deduction
- $6,375
Provincial tax deduction
- $1,777
CPP deduction
- $2,480
EI deduction
- $743
Total tax
- $11,375
Net pay
* $35,633
Marginal tax rate
26.2%
Average tax rate
24.2%
75.8%
Net pay
24.2%
Total tax
Total tax
Net pay
The Taxberg
$35,633
Net pay
$3,520
Tax the employer pays
$11,375
Tax you pay
Total tax paid
$14,894
Did you know your employer also pays tax on your salary? It costs the employer $3,520 to pay you $47,008. 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 $47,008 a year living in the region of Nunavut, Canada, you will be taxed $11,375. That means that your net pay will be $35,633 per year, or $2,969 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 35,633
24.2%
1
British Columbia
CAD 35,091
25.4%
2
Northwest Territories
CAD 34,778
26.0%
3
Yukon
CAD 34,691
26.2%
4
Ontario
CAD 34,627
26.3%
5
Quebec
CAD 33,750
28.2%
6
New Brunswick
CAD 33,180
29.4%
7
Newfoundland and Labrador
CAD 33,146
29.5%
8
Alberta
CAD 33,032
29.7%
9
Saskatchewan
CAD 32,787
30.3%
10
Prince Edward Island
CAD 32,518
30.8%
11
Nova Scotia
CAD 32,489
30.9%
12
Manitoba
CAD 32,436
31.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,427
11.9%
1
Russia
CAD 40,897
13.0%
2
Ireland
CAD 39,712
15.5%
3
United Kingdom
CAD 38,863
17.3%
4
France
CAD 38,773
17.5%
5
Hungary
CAD 38,312
18.5%
6
Ukraine
CAD 37,841
19.5%
7
Norway
CAD 36,886
21.5%
8
Czech Republic
CAD 36,589
22.2%
9
Luxembourg
CAD 36,482
22.4%
10
Spain
CAD 35,984
23.5%
11
Austria
CAD 35,025
25.5%
12
Sweden
CAD 33,309
29.1%
13
Greece
CAD 32,773
30.3%
14
Germany
CAD 32,026
31.9%
15
Poland
CAD 31,679
32.6%
16
Denmark
CAD 31,650
32.7%
17
Italy
CAD 31,049
34.0%
18
Finland
CAD 30,135
35.9%
19
Netherlands
CAD 29,582
37.1%
20
Portugal
CAD 28,920
38.5%
21
Romania
CAD 27,500
41.5%
22
Belgium
CAD 24,917
47.0%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,096
19.0%
1
Canada
CAD 34,627
26.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,630
7.2%
1
Taiwan
CAD 41,780
11.1%
2
Thailand
CAD 40,401
14.1%
3
Australia
CAD 39,499
16.0%
4
South Korea
CAD 38,753
17.6%
5
New Zealand
CAD 38,047
19.1%
6
Kazakhstan
CAD 37,712
19.8%
7
Indonesia
CAD 36,834
21.6%
8
Singapore
CAD 36,663
22.0%
9
Pakistan
CAD 36,457
22.4%
10
Japan
CAD 35,988
23.4%
11
Malaysia
CAD 35,596
24.3%
12
Philippines
CAD 34,716
26.2%
13
Vietnam
CAD 33,317
29.1%
14
China
CAD 31,437
33.1%
15
India
CAD 29,927
36.3%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,501
9.6%
1
Puerto Rico
CAD 40,800
13.2%
2
Costa Rica
CAD 40,608
13.6%
3
Ecuador
CAD 39,382
16.2%
4
Panama
CAD 37,862
19.5%
5
Colombia
CAD 37,577
20.1%
6
Chile
CAD 37,553
20.1%
7
Peru
CAD 35,672
24.1%
8
Mexico
CAD 35,545
24.4%
9
Brazil
CAD 34,863
25.8%
10
Uruguay
CAD 33,616
28.5%
11
Argentina
CAD 30,546
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,841
23.8%
1
Angola
CAD 34,440
26.7%
2
Mozambique
CAD 33,636
28.5%
3
Kenya
CAD 33,611
28.5%
4
Ghana
CAD 32,485
30.9%
5
Nigeria
CAD 32,148
31.6%
6
Ivory Coast
CAD 32,079
31.8%
7
Morocco
CAD 31,634
32.7%
8
Uganda
CAD 30,831
34.4%
9
Cameroon
CAD 30,338
35.5%
10
Senegal
CAD 29,798
36.6%
11
Zambia
CAD 29,317
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,658
5.0%
1
Qatar
CAD 44,658
5.0%
2
Bahrain
CAD 43,247
8.0%
3
Oman
CAD 43,247
8.0%
4
Saudi Arabia
CAD 42,307
10.0%
5
Kuwait
CAD 41,837
11.0%
6
Israel
CAD 38,634
17.8%
7
Egypt
CAD 35,641
24.2%
8
Lebanon
CAD 35,520
24.4%
9
Turkey
CAD 27,645
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.