Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,476
Federal tax deduction
- $6,440
Provincial tax deduction
- $1,800
CPP deduction
- $2,507
EI deduction
- $750
Total tax
- $11,497
Net pay
* $35,979
Marginal tax rate
26.2%
Average tax rate
24.2%
75.8%
Net pay
24.2%
Total tax
Total tax
Net pay
The Taxberg
$35,979
Net pay
$3,557
Tax the employer pays
$11,497
Tax you pay
Total tax paid
$15,054
Did you know your employer also pays tax on your salary? It costs the employer $3,557 to pay you $47,476. 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 $47,476 a year living in the region of Nunavut, Canada, you will be taxed $11,497. That means that your net pay will be $35,979 per year, or $2,998 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 $26.17, hence, your net pay will only increase by $73.83.
Bonus Example
A $1,000 bonus will generate an extra $738 of net incomes. A $5,000 bonus will generate an extra $3,692 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 35,979
24.2%
1
British Columbia
CAD 35,426
25.4%
2
Northwest Territories
CAD 35,110
26.0%
3
Yukon
CAD 35,032
26.2%
4
Ontario
CAD 34,945
26.4%
5
Quebec
CAD 34,045
28.3%
6
New Brunswick
CAD 33,483
29.5%
7
Newfoundland and Labrador
CAD 33,450
29.5%
8
Alberta
CAD 33,357
29.7%
9
Saskatchewan
CAD 33,104
30.3%
10
Nova Scotia
CAD 32,791
30.9%
11
Prince Edward Island
CAD 32,826
30.9%
12
Manitoba
CAD 32,749
31.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,813
11.9%
1
Russia
CAD 41,304
13.0%
2
Ireland
CAD 40,047
15.7%
3
United Kingdom
CAD 39,176
17.5%
4
France
CAD 39,069
17.7%
5
Hungary
CAD 38,693
18.5%
6
Ukraine
CAD 38,218
19.5%
7
Norway
CAD 37,195
21.7%
8
Czech Republic
CAD 36,936
22.2%
9
Luxembourg
CAD 36,765
22.6%
10
Spain
CAD 36,289
23.6%
11
Austria
CAD 35,279
25.7%
12
Sweden
CAD 33,624
29.2%
13
Greece
CAD 33,062
30.4%
14
Germany
CAD 32,281
32.0%
15
Denmark
CAD 31,969
32.7%
16
Poland
CAD 31,928
32.8%
17
Italy
CAD 31,261
34.2%
18
Finland
CAD 30,372
36.0%
19
Netherlands
CAD 29,876
37.1%
20
Portugal
CAD 29,164
38.6%
21
Romania
CAD 27,773
41.5%
22
Belgium
CAD 25,059
47.2%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,442
19.0%
1
Canada
CAD 34,945
26.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 44,035
7.3%
1
Taiwan
CAD 42,184
11.2%
2
Thailand
CAD 40,752
14.2%
3
Australia
CAD 39,805
16.2%
4
South Korea
CAD 39,112
17.6%
5
New Zealand
CAD 38,368
19.2%
6
Kazakhstan
CAD 38,091
19.8%
7
Indonesia
CAD 37,157
21.7%
8
Singapore
CAD 37,005
22.1%
9
Pakistan
CAD 36,773
22.5%
10
Japan
CAD 36,306
23.5%
11
Malaysia
CAD 35,902
24.4%
12
Philippines
CAD 35,028
26.2%
13
Vietnam
CAD 33,610
29.2%
14
China
CAD 31,728
33.2%
15
India
CAD 30,192
36.4%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,924
9.6%
1
Puerto Rico
CAD 41,167
13.3%
2
Costa Rica
CAD 40,968
13.7%
3
Ecuador
CAD 39,742
16.3%
4
Panama
CAD 38,216
19.5%
5
Chile
CAD 37,962
20.0%
6
Colombia
CAD 37,904
20.2%
7
Peru
CAD 36,012
24.2%
8
Mexico
CAD 35,860
24.5%
9
Brazil
CAD 35,203
25.9%
10
Uruguay
CAD 33,900
28.6%
11
Argentina
CAD 30,850
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,140
23.9%
1
Angola
CAD 34,780
26.7%
2
Kenya
CAD 33,939
28.5%
3
Mozambique
CAD 33,940
28.5%
4
Ghana
CAD 32,795
30.9%
5
Nigeria
CAD 32,466
31.6%
6
Ivory Coast
CAD 32,369
31.8%
7
Morocco
CAD 31,918
32.8%
8
Uganda
CAD 31,089
34.5%
9
Cameroon
CAD 30,623
35.5%
10
Senegal
CAD 30,079
36.6%
11
Zambia
CAD 29,605
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 45,102
5.0%
1
Qatar
CAD 45,102
5.0%
2
Bahrain
CAD 43,678
8.0%
3
Oman
CAD 43,678
8.0%
4
Saudi Arabia
CAD 42,728
10.0%
5
Kuwait
CAD 42,254
11.0%
6
Israel
CAD 38,968
17.9%
7
Egypt
CAD 35,992
24.2%
8
Lebanon
CAD 35,871
24.4%
9
Turkey
CAD 27,917
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.