Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$59,067
Federal tax deduction
- $8,540
Provincial tax deduction
- $3,903
CPP deduction
- $3,167
EI deduction
- $933
Total tax
- $16,543
Net pay
* $42,524
Marginal tax rate
35.5%
Average tax rate
28.0%
72.0%
Net pay
28.0%
Total tax
Total tax
Net pay
The Taxberg
$42,524
Net pay
$4,474
Tax the employer pays
$16,543
Tax you pay
Total tax paid
$21,017
Did you know your employer also pays tax on your salary? It costs the employer $4,474 to pay you $59,067. In other words, every time you spend $10 of your hard-earned money, $3.56 goes to the government.
Real tax rate
33.1%
So, with you and the employer both paying tax, what used to be a 28% tax rate now rises to 33.1%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $59,067 a year living in the region of Ontario, Canada, you will be taxed $16,543. That means that your net pay will be $42,524 per year, or $3,544 per month. Your average tax rate is 28.0% and your marginal tax rate is 35.5%. 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 $35.47, hence, your net pay will only increase by $64.53.
Bonus Example
A $1,000 bonus will generate an extra $645 of net incomes. A $5,000 bonus will generate an extra $3,227 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 43,892
25.7%
1
British Columbia
CAD 43,223
26.8%
2
Northwest Territories
CAD 42,816
27.5%
3
Yukon
CAD 42,761
27.6%
4
Ontario
CAD 42,524
28.0%
5
Alberta
CAD 40,930
30.7%
6
Quebec
CAD 40,727
31.0%
7
New Brunswick
CAD 40,492
31.4%
8
Newfoundland and Labrador
CAD 40,490
31.5%
9
Saskatchewan
CAD 40,409
31.6%
10
Manitoba
CAD 40,010
32.3%
11
Prince Edward Island
CAD 39,956
32.4%
12
Nova Scotia
CAD 39,768
32.7%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 47,018
20.4%
1
Canada
CAD 42,524
28.0%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 53,361
9.7%
1
Puerto Rico
CAD 50,248
14.9%
2
Costa Rica
CAD 49,824
15.7%
3
Chile
CAD 48,419
18.0%
4
Ecuador
CAD 48,201
18.4%
5
Panama
CAD 46,985
20.5%
6
Colombia
CAD 46,018
22.1%
7
Peru
CAD 44,430
24.8%
8
Mexico
CAD 43,652
26.1%
9
Brazil
CAD 43,606
26.2%
10
Uruguay
CAD 40,939
30.7%
11
Argentina
CAD 38,384
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 43,274
26.7%
1
Angola
CAD 43,213
26.8%
2
Kenya
CAD 42,053
28.8%
3
Mozambique
CAD 41,474
29.8%
4
Ghana
CAD 40,462
31.5%
5
Nigeria
CAD 40,351
31.7%
6
Ivory Coast
CAD 39,548
33.1%
7
Morocco
CAD 38,942
34.1%
8
Cameroon
CAD 37,680
36.2%
9
Uganda
CAD 37,464
36.6%
10
Senegal
CAD 37,034
37.3%
11
Zambia
CAD 36,733
37.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 56,114
5.0%
1
Qatar
CAD 56,114
5.0%
2
Bahrain
CAD 54,342
8.0%
3
Oman
CAD 54,342
8.0%
4
Saudi Arabia
CAD 53,160
10.0%
5
Kuwait
CAD 52,570
11.0%
6
Israel
CAD 47,129
20.2%
7
Egypt
CAD 44,685
24.4%
8
Lebanon
CAD 44,564
24.6%
9
Turkey
CAD 34,668
41.3%
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.