Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$6,460
Federal tax deduction
- $735
Provincial tax deduction
- $248
CPP deduction
- $169
EI deduction
- $102
Total tax
- $1,254
Net pay
* $5,206
Marginal tax rate
24.9%
Average tax rate
19.4%
80.6%
Net pay
19.4%
Total tax
Total tax
Net pay
The Taxberg
$5,206
Net pay
$312
Tax the employer pays
$1,254
Tax you pay
Total tax paid
$1,565
Did you know your employer also pays tax on your salary? It costs the employer $312 to pay you $6,460. In other words, every time you spend $10 of your hard-earned money, $2.42 goes to the government.
Real tax rate
23.1%
So, with you and the employer both paying tax, what used to be a 19.4% tax rate now rises to 23.1%, meaning your real tax rate is actually 3.7% higher than what it seemed at first.
Summary
If you make $6,460 a year living in the region of Nunavut, Canada, you will be taxed $1,254. That means that your net pay will be $5,206 per year, or $434 per month. Your average tax rate is 19.4% and your marginal tax rate is 24.9%. 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 $24.90, hence, your net pay will only increase by $75.10.
Bonus Example
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,755 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
CAD 5,900
8.7%
1
Canada
CAD 5,343
17.3%
2
Latin America
Country 
Net pay
Average tax
Rank
Colombia
CAD 6,393
7.5%
1
Puerto Rico
CAD 5,946
8.0%
2
Mexico
CAD 5,903
8.6%
3
Brazil
CAD 5,901
8.7%
4
Ecuador
CAD 5,850
9.5%
5
Guatemala
CAD 5,841
9.6%
6
Costa Rica
CAD 5,782
10.5%
7
Panama
CAD 5,749
11.0%
8
Peru
CAD 5,653
12.5%
9
Chile
CAD 5,323
17.6%
10
Uruguay
CAD 5,162
20.1%
11
Argentina
CAD 4,237
34.4%
12
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.