Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$5,551
Federal tax deduction
- $609
Provincial tax deduction
- $37.49
CPP deduction
- $117
EI deduction
- $87.71
Total tax
- $851
Net pay
* $4,700
Marginal tax rate
28.0%
Average tax rate
15.3%
84.7%
Net pay
15.3%
Total tax
Total tax
Net pay
The Taxberg
$4,700
Net pay
$240
Tax the employer pays
$851
Tax you pay
Total tax paid
$1,091
Did you know your employer also pays tax on your salary? It costs the employer $240 to pay you $5,551. In other words, every time you spend $10 of your hard-earned money, $1.96 goes to the government.
Real tax rate
18.8%
So, with you and the employer both paying tax, what used to be a 15.3% tax rate now rises to 18.8%, meaning your real tax rate is actually 3.5% higher than what it seemed at first.
Summary
If you make $5,551 a year living in the region of Ontario, Canada, you will be taxed $851. That means that your net pay will be $4,700 per year, or $392 per month. Your average tax rate is 15.3% and your marginal tax rate is 28.0%. 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 $27.99, hence, your net pay will only increase by $72.01.
Bonus Example
A $1,000 bonus will generate an extra $720 of net incomes. A $5,000 bonus will generate an extra $3,601 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 4,824
13.1%
1
British Columbia
CAD 4,737
14.7%
2
Ontario
CAD 4,700
15.3%
3
Nunavut
CAD 4,524
18.5%
4
Yukon
CAD 4,478
19.3%
5
Northwest Territories
CAD 4,422
20.3%
6
Newfoundland and Labrador
CAD 4,272
23.0%
7
Nova Scotia
CAD 4,268
23.1%
8
New Brunswick
CAD 4,235
23.7%
9
Prince Edward Island
CAD 4,214
24.1%
10
Alberta
CAD 4,203
24.3%
11
Saskatchewan
CAD 4,176
24.8%
12
Manitoba
CAD 4,160
25.1%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 5,551
0.0%
1
Germany
CAD 5,551
0.0%
2
Austria
CAD 5,551
0.0%
3
Ireland
CAD 5,551
0.0%
4
Norway
CAD 5,551
0.0%
5
Spain
CAD 5,199
6.4%
6
Switzerland
CAD 5,136
7.5%
7
Italy
CAD 5,041
9.2%
8
France
CAD 5,013
9.7%
9
Czech Republic
CAD 4,940
11.0%
10
Luxembourg
CAD 4,938
11.1%
11
Russia
CAD 4,829
13.0%
12
Sweden
CAD 4,633
16.5%
13
Hungary
CAD 4,524
18.5%
14
Ukraine
CAD 4,469
19.5%
15
Poland
CAD 4,359
21.5%
16
Greece
CAD 4,338
21.9%
17
Portugal
CAD 4,133
25.6%
18
Finland
CAD 3,844
30.8%
19
Belgium
CAD 3,775
32.0%
20
Denmark
CAD 3,650
34.2%
21
Netherlands
CAD 3,493
37.1%
22
Romania
CAD 3,247
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 5,070
8.7%
1
Canada
CAD 4,700
15.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 5,551
0.0%
1
Singapore
CAD 5,551
0.0%
2
Hong Kong
CAD 5,551
0.0%
3
Pakistan
CAD 5,472
1.4%
4
Philippines
CAD 5,280
4.9%
5
Thailand
CAD 5,273
5.0%
6
Indonesia
CAD 5,078
8.5%
7
Taiwan
CAD 5,060
8.9%
8
South Korea
CAD 4,945
10.9%
9
Malaysia
CAD 4,896
11.8%
10
New Zealand
CAD 4,891
11.9%
11
India
CAD 4,885
12.0%
12
Vietnam
CAD 4,637
16.5%
13
Japan
CAD 4,511
18.7%
14
China
CAD 4,403
20.7%
15
Kazakhstan
CAD 4,396
20.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
CAD 5,250
5.4%
1
Colombia
CAD 5,557
7.4%
2
Puerto Rico
CAD 5,110
8.0%
3
Brazil
CAD 5,099
8.1%
4
Ecuador
CAD 5,026
9.5%
5
Guatemala
CAD 5,019
9.6%
6
Costa Rica
CAD 4,968
10.5%
7
Panama
CAD 4,940
11.0%
8
Peru
CAD 4,857
12.5%
9
Chile
CAD 4,574
17.6%
10
Uruguay
CAD 4,435
20.1%
11
Argentina
CAD 3,747
32.5%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 5,495
1.0%
1
Morocco
CAD 5,081
8.5%
2
Kenya
CAD 4,650
16.2%
3
Ivory Coast
CAD 4,645
16.3%
4
Cameroon
CAD 4,643
16.4%
5
Mozambique
CAD 4,492
19.1%
6
Ghana
CAD 4,300
22.5%
7
Zambia
CAD 4,295
22.6%
8
Angola
CAD 4,219
24.0%
9
Senegal
CAD 4,037
27.3%
10
Uganda
CAD 4,018
27.6%
11
Nigeria
CAD 3,949
28.9%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
CAD 5,551
0.0%
1
United Arab Emirates
CAD 5,273
5.0%
2
Qatar
CAD 5,273
5.0%
3
Bahrain
CAD 5,107
8.0%
4
Oman
CAD 5,107
8.0%
5
Kuwait
CAD 4,940
11.0%
6
Israel
CAD 4,821
13.2%
7
Lebanon
CAD 4,427
20.3%
8
Egypt
CAD 4,383
21.1%
9
Turkey
CAD 3,497
37.0%
10
Show more
NOTE* Withholding is calculated based on the Ontario 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.