Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$7,384
Federal tax deduction
- $864
Provincial tax deduction
- $282
CPP deduction
- $221
EI deduction
- $117
Total tax
- $1,484
Net pay
* $5,900
Marginal tax rate
24.9%
Average tax rate
20.1%
79.9%
Net pay
20.1%
Total tax
Total tax
Net pay
The Taxberg
$5,900
Net pay
$385
Tax the employer pays
$1,484
Tax you pay
Total tax paid
$1,868
Did you know your employer also pays tax on your salary? It costs the employer $385 to pay you $7,384. In other words, every time you spend $10 of your hard-earned money, $2.53 goes to the government.
Real tax rate
24.1%
So, with you and the employer both paying tax, what used to be a 20.1% tax rate now rises to 24.1%, meaning your real tax rate is actually 4% higher than what it seemed at first.
Summary
If you make $7,384 a year living in the region of Nunavut, Canada, you will be taxed $1,484. That means that your net pay will be $5,900 per year, or $492 per month. Your average tax rate is 20.1% 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 $24.89, hence, your net pay will only increase by $75.11.
Bonus Example
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,756 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 6,302
14.7%
1
British Columbia
CAD 6,182
16.3%
2
Ontario
CAD 5,984
19.0%
3
Nunavut
CAD 5,900
20.1%
4
Yukon
CAD 5,814
21.3%
5
Northwest Territories
CAD 5,766
21.9%
6
Newfoundland and Labrador
CAD 5,569
24.6%
7
Nova Scotia
CAD 5,563
24.7%
8
New Brunswick
CAD 5,520
25.2%
9
Prince Edward Island
CAD 5,492
25.6%
10
Alberta
CAD 5,478
25.8%
11
Saskatchewan
CAD 5,442
26.3%
12
Manitoba
CAD 5,421
26.6%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 6,744
8.7%
1
Canada
CAD 5,984
19.0%
2
Latin America
Country 
Net pay
Average tax
Rank
Colombia
CAD 7,156
7.6%
1
Puerto Rico
CAD 6,797
8.0%
2
Ecuador
CAD 6,686
9.5%
3
Guatemala
CAD 6,676
9.6%
4
Brazil
CAD 6,671
9.7%
5
Mexico
CAD 6,628
10.2%
6
Costa Rica
CAD 6,609
10.5%
7
Panama
CAD 6,572
11.0%
8
Peru
CAD 6,461
12.5%
9
Chile
CAD 6,084
17.6%
10
Uruguay
CAD 5,900
20.1%
11
Argentina
CAD 4,790
35.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 7,015
5.0%
1
Qatar
CAD 7,015
5.0%
2
Bahrain
CAD 6,793
8.0%
3
Oman
CAD 6,793
8.0%
4
Saudi Arabia
CAD 6,652
9.9%
5
Kuwait
CAD 6,572
11.0%
6
Israel
CAD 6,413
13.2%
7
Egypt
CAD 5,815
21.3%
8
Lebanon
CAD 5,802
21.4%
9
Turkey
CAD 4,564
38.2%
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.