Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$88,008
Federal tax deduction
- $14,420
Provincial tax deduction
- $4,546
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $23,419
Net pay
* $64,589
Marginal tax rate
27.5%
Average tax rate
26.6%
73.4%
Net pay
26.6%
Total tax
Total tax
Net pay
The Taxberg
$64,589
Net pay
$4,834
Tax the employer pays
$23,419
Tax you pay
Total tax paid
$28,252
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $88,008. In other words, every time you spend $10 of your hard-earned money, $3.21 goes to the government.
Real tax rate
30.4%
So, with you and the employer both paying tax, what used to be a 26.6% tax rate now rises to 30.4%, meaning your real tax rate is actually 3.8% higher than what it seemed at first.
Summary
If you make $88,008 a year living in the region of Nunavut, Canada, you will be taxed $23,419. That means that your net pay will be $64,589 per year, or $5,382 per month. Your average tax rate is 26.6% and your marginal tax rate is 27.5%. 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 $27.50, hence, your net pay will only increase by $72.50.
Bonus Example
A $1,000 bonus will generate an extra $725 of net incomes. A $5,000 bonus will generate an extra $3,625 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 64,589
26.6%
1
British Columbia
CAD 63,656
27.7%
2
Northwest Territories
CAD 63,057
28.4%
3
Yukon
CAD 62,887
28.5%
4
Ontario
CAD 62,264
29.3%
5
Alberta
CAD 60,780
30.9%
6
Saskatchewan
CAD 59,537
32.4%
7
New Brunswick
CAD 58,942
33.0%
8
Newfoundland and Labrador
CAD 58,906
33.1%
9
Manitoba
CAD 58,435
33.6%
10
Quebec
CAD 58,480
33.6%
11
Prince Edward Island
CAD 58,009
34.1%
12
Nova Scotia
CAD 57,697
34.4%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 67,271
23.6%
1
Canada
CAD 62,264
29.3%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 83,608
5.0%
1
Qatar
CAD 83,608
5.0%
2
Bahrain
CAD 80,967
8.0%
3
Oman
CAD 80,967
8.0%
4
Saudi Arabia
CAD 79,207
10.0%
5
Kuwait
CAD 78,483
10.8%
6
Egypt
CAD 66,391
24.6%
7
Lebanon
CAD 66,270
24.7%
8
Israel
CAD 66,016
25.0%
9
Turkey
CAD 51,524
41.5%
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.