Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$63,960
Federal tax deduction
- $9,499
Provincial tax deduction
- $2,865
CPP deduction
- $3,442
EI deduction
- $952
Total tax
- $16,758
Net pay
* $47,202
Marginal tax rate
32.1%
Average tax rate
26.2%
73.8%
Net pay
26.2%
Total tax
Total tax
Net pay
The Taxberg
$47,202
Net pay
$4,774
Tax the employer pays
$16,758
Tax you pay
Total tax paid
$21,532
Did you know your employer also pays tax on your salary? It costs the employer $4,774 to pay you $63,960. In other words, every time you spend $10 of your hard-earned money, $3.37 goes to the government.
Real tax rate
31.3%
So, with you and the employer both paying tax, what used to be a 26.2% tax rate now rises to 31.3%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $63,960 a year living in the region of Nunavut, Canada, you will be taxed $16,758. That means that your net pay will be $47,202 per year, or $3,934 per month. Your average tax rate is 26.2% and your marginal tax rate is 32.1%. 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 $32.10, hence, your net pay will only increase by $67.90.
Bonus Example
A $1,000 bonus will generate an extra $679 of net incomes. A $5,000 bonus will generate an extra $3,395 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 47,202
26.2%
1
British Columbia
CAD 46,502
27.3%
2
Northwest Territories
CAD 46,053
28.0%
3
Yukon
CAD 45,980
28.1%
4
Ontario
CAD 45,732
28.5%
5
Alberta
CAD 44,111
31.0%
6
Quebec
CAD 43,512
32.0%
7
Saskatchewan
CAD 43,469
32.0%
8
New Brunswick
CAD 43,435
32.1%
9
Newfoundland and Labrador
CAD 43,447
32.1%
10
Manitoba
CAD 43,058
32.7%
11
Prince Edward Island
CAD 42,927
32.9%
12
Nova Scotia
CAD 42,633
33.3%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 55,645
13.0%
1
Switzerland
CAD 54,566
14.7%
2
Hungary
CAD 52,127
18.5%
3
Ukraine
CAD 51,488
19.5%
4
United Kingdom
CAD 50,179
21.6%
5
Ireland
CAD 49,959
21.9%
6
France
CAD 49,503
22.6%
7
Czech Republic
CAD 49,134
23.2%
8
Norway
CAD 48,074
24.8%
9
Spain
CAD 46,701
27.0%
10
Luxembourg
CAD 45,833
28.3%
11
Sweden
CAD 45,055
29.6%
12
Austria
CAD 44,693
30.1%
13
Denmark
CAD 43,090
32.6%
14
Greece
CAD 42,424
33.7%
15
Germany
CAD 41,001
35.9%
16
Poland
CAD 40,658
36.4%
17
Netherlands
CAD 40,250
37.1%
18
Finland
CAD 38,750
39.4%
19
Italy
CAD 38,321
40.1%
20
Romania
CAD 37,417
41.5%
21
Portugal
CAD 37,006
42.1%
22
Belgium
CAD 31,369
51.0%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 50,638
20.8%
1
Canada
CAD 45,732
28.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 57,704
9.8%
1
Taiwan
CAD 55,650
13.0%
2
Thailand
CAD 53,115
17.0%
3
South Korea
CAD 51,730
19.1%
4
Kazakhstan
CAD 51,443
19.6%
5
Australia
CAD 50,602
20.9%
6
New Zealand
CAD 49,502
22.6%
7
Singapore
CAD 49,039
23.3%
8
Indonesia
CAD 48,370
24.4%
9
Pakistan
CAD 47,806
25.3%
10
Japan
CAD 47,539
25.7%
11
Malaysia
CAD 46,627
27.1%
12
Philippines
CAD 45,807
28.4%
13
Vietnam
CAD 43,885
31.4%
14
China
CAD 41,948
34.4%
15
India
CAD 39,555
38.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 57,692
9.8%
1
Puerto Rico
CAD 53,957
15.6%
2
Costa Rica
CAD 53,546
16.3%
3
Chile
CAD 52,649
17.7%
4
Ecuador
CAD 51,591
19.3%
5
Panama
CAD 50,686
20.8%
6
Colombia
CAD 49,326
22.9%
7
Peru
CAD 47,984
25.0%
8
Brazil
CAD 47,153
26.3%
9
Mexico
CAD 46,934
26.6%
10
Uruguay
CAD 43,910
31.4%
11
Argentina
CAD 41,564
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 46,772
26.9%
1
South Africa
CAD 46,235
27.7%
2
Kenya
CAD 45,478
28.9%
3
Mozambique
CAD 44,655
30.2%
4
Ghana
CAD 43,699
31.7%
5
Nigeria
CAD 43,679
31.7%
6
Ivory Coast
CAD 42,578
33.4%
7
Morocco
CAD 41,907
34.5%
8
Cameroon
CAD 40,659
36.4%
9
Uganda
CAD 40,155
37.2%
10
Senegal
CAD 39,969
37.5%
11
Zambia
CAD 39,742
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 60,762
5.0%
1
Qatar
CAD 60,762
5.0%
2
Bahrain
CAD 58,843
8.0%
3
Oman
CAD 58,843
8.0%
4
Saudi Arabia
CAD 57,564
10.0%
5
Kuwait
CAD 56,924
11.0%
6
Israel
CAD 50,573
20.9%
7
Egypt
CAD 48,355
24.4%
8
Lebanon
CAD 48,234
24.6%
9
Turkey
CAD 37,518
41.3%
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.