Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$68,718
Federal tax deduction
- $10,465
Provincial tax deduction
- $4,768
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $19,686
Net pay
* $49,032
Marginal tax rate
29.6%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
The Taxberg
$49,032
Net pay
$4,834
Tax the employer pays
$19,686
Tax you pay
Total tax paid
$24,519
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $68,718. In other words, every time you spend $10 of your hard-earned money, $3.57 goes to the government.
Real tax rate
33.3%
So, with you and the employer both paying tax, what used to be a 28.6% tax rate now rises to 33.3%, meaning your real tax rate is actually 4.7% higher than what it seemed at first.
Summary
If you make $68,718 a year living in the region of Ontario, Canada, you will be taxed $19,686. That means that your net pay will be $49,032 per year, or $4,086 per month. Your average tax rate is 28.7% and your marginal tax rate is 29.7%. 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 $29.65, hence, your net pay will only increase by $70.35.
Bonus Example
A $1,000 bonus will generate an extra $704 of net incomes. A $5,000 bonus will generate an extra $3,518 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 50,604
26.4%
1
British Columbia
CAD 49,871
27.4%
2
Northwest Territories
CAD 49,380
28.1%
3
Yukon
CAD 49,288
28.3%
4
Ontario
CAD 49,032
28.6%
5
Alberta
CAD 47,374
31.1%
6
Saskatchewan
CAD 46,613
32.2%
7
Newfoundland and Labrador
CAD 46,494
32.3%
8
New Brunswick
CAD 46,468
32.4%
9
Quebec
CAD 46,428
32.4%
10
Manitoba
CAD 46,191
32.8%
11
Prince Edward Island
CAD 45,895
33.2%
12
Nova Scotia
CAD 45,577
33.7%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 59,785
13.0%
1
Switzerland
CAD 58,168
15.4%
2
Hungary
CAD 56,005
18.5%
3
Ukraine
CAD 55,318
19.5%
4
United Kingdom
CAD 53,355
22.4%
5
Czech Republic
CAD 52,655
23.4%
6
France
CAD 52,515
23.6%
7
Ireland
CAD 52,410
23.7%
8
Norway
CAD 51,214
25.5%
9
Spain
CAD 49,518
27.9%
10
Luxembourg
CAD 48,120
30.0%
11
Sweden
CAD 47,673
30.6%
12
Austria
CAD 47,322
31.1%
13
Denmark
CAD 46,291
32.6%
14
Greece
CAD 44,946
34.6%
15
Germany
CAD 43,414
36.8%
16
Poland
CAD 43,396
36.9%
17
Netherlands
CAD 43,245
37.1%
18
Finland
CAD 41,125
40.2%
19
Italy
CAD 40,546
41.0%
20
Romania
CAD 40,200
41.5%
21
Portugal
CAD 39,099
43.1%
22
Belgium
CAD 33,298
51.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 54,159
21.2%
1
Canada
CAD 49,032
28.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 61,614
10.3%
1
Taiwan
CAD 59,383
13.6%
2
Thailand
CAD 56,684
17.5%
3
Kazakhstan
CAD 55,297
19.5%
4
South Korea
CAD 55,226
19.6%
5
Australia
CAD 53,719
21.8%
6
New Zealand
CAD 52,624
23.4%
7
Singapore
CAD 52,516
23.6%
8
Indonesia
CAD 51,600
24.9%
9
Pakistan
CAD 50,899
25.9%
10
Japan
CAD 50,792
26.1%
11
Malaysia
CAD 49,699
27.7%
12
Philippines
CAD 48,915
28.8%
13
Vietnam
CAD 46,955
31.7%
14
China
CAD 45,192
34.2%
15
India
CAD 42,258
38.5%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 61,903
9.9%
1
Costa Rica
CAD 57,166
16.8%
2
Puerto Rico
CAD 57,162
16.8%
3
Chile
CAD 56,741
17.4%
4
Ecuador
CAD 54,388
20.9%
5
Panama
CAD 54,286
21.0%
6
Colombia
CAD 52,471
23.6%
7
Peru
CAD 51,405
25.2%
8
Brazil
CAD 50,603
26.4%
9
Mexico
CAD 50,096
27.1%
10
Uruguay
CAD 46,799
31.9%
11
Argentina
CAD 44,657
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 50,234
26.9%
1
South Africa
CAD 49,050
28.6%
2
Kenya
CAD 48,808
29.0%
3
Mozambique
CAD 47,747
30.5%
4
Nigeria
CAD 46,915
31.7%
5
Ghana
CAD 46,846
31.8%
6
Ivory Coast
CAD 45,525
33.8%
7
Morocco
CAD 44,790
34.8%
8
Cameroon
CAD 43,556
36.6%
9
Senegal
CAD 42,824
37.7%
10
Uganda
CAD 42,772
37.8%
11
Zambia
CAD 42,668
37.9%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 65,282
5.0%
1
Qatar
CAD 65,282
5.0%
2
Bahrain
CAD 63,221
8.0%
3
Oman
CAD 63,221
8.0%
4
Saudi Arabia
CAD 61,846
10.0%
5
Kuwait
CAD 61,159
11.0%
6
Israel
CAD 53,923
21.5%
7
Egypt
CAD 51,923
24.4%
8
Lebanon
CAD 51,802
24.6%
9
Turkey
CAD 40,289
41.4%
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.