Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$88,117
Federal tax deduction
- $14,442
Provincial tax deduction
- $6,883
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $25,778
Net pay
* $62,339
Marginal tax rate
31.5%
Average tax rate
29.3%
70.7%
Net pay
29.3%
Total tax
Total tax
Net pay
The Taxberg
$62,339
Net pay
$4,834
Tax the employer pays
$25,778
Tax you pay
Total tax paid
$30,611
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $88,117. In other words, every time you spend $10 of your hard-earned money, $3.47 goes to the government.
Real tax rate
32.9%
So, with you and the employer both paying tax, what used to be a 29.3% tax rate now rises to 32.9%, meaning your real tax rate is actually 3.6% higher than what it seemed at first.
Summary
If you make $88,117 a year living in the region of Ontario, Canada, you will be taxed $25,778. That means that your net pay will be $62,339 per year, or $5,195 per month. Your average tax rate is 29.3% and your marginal tax rate is 31.5%. 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 $31.48, hence, your net pay will only increase by $68.52.
Bonus Example
A $1,000 bonus will generate an extra $685 of net incomes. A $5,000 bonus will generate an extra $3,426 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 64,668
26.6%
1
British Columbia
CAD 63,732
27.7%
2
Northwest Territories
CAD 63,134
28.4%
3
Yukon
CAD 62,964
28.5%
4
Ontario
CAD 62,339
29.3%
5
Alberta
CAD 60,856
30.9%
6
Saskatchewan
CAD 59,610
32.4%
7
New Brunswick
CAD 59,013
33.0%
8
Newfoundland and Labrador
CAD 58,975
33.1%
9
Manitoba
CAD 58,503
33.6%
10
Quebec
CAD 58,548
33.6%
11
Prince Edward Island
CAD 58,077
34.1%
12
Nova Scotia
CAD 57,766
34.4%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 76,662
13.0%
1
Switzerland
CAD 72,544
17.7%
2
Hungary
CAD 71,815
18.5%
3
Ukraine
CAD 70,934
19.5%
4
Czech Republic
CAD 67,010
24.0%
5
United Kingdom
CAD 66,303
24.8%
6
France
CAD 64,795
26.5%
7
Norway
CAD 63,378
28.1%
8
Ireland
CAD 62,400
29.2%
9
Spain
CAD 61,520
30.2%
10
Denmark
CAD 58,978
33.1%
11
Austria
CAD 57,377
34.9%
12
Sweden
CAD 57,375
34.9%
13
Luxembourg
CAD 57,019
35.3%
14
Netherlands
CAD 55,452
37.1%
15
Poland
CAD 54,561
38.1%
16
Greece
CAD 54,394
38.3%
17
Germany
CAD 52,897
40.0%
18
Romania
CAD 51,548
41.5%
19
Finland
CAD 50,308
42.9%
20
Italy
CAD 49,657
43.7%
21
Portugal
CAD 47,635
45.9%
22
Belgium
CAD 40,608
53.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 67,340
23.6%
1
Canada
CAD 62,339
29.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 77,713
11.8%
1
Taiwan
CAD 74,601
15.3%
2
Kazakhstan
CAD 71,010
19.4%
3
Thailand
CAD 70,857
19.6%
4
South Korea
CAD 69,071
21.6%
5
Singapore
CAD 69,064
21.6%
6
Australia
CAD 66,425
24.6%
7
New Zealand
CAD 65,352
25.8%
8
Japan
CAD 64,840
26.4%
9
Indonesia
CAD 64,749
26.5%
10
Pakistan
CAD 63,508
27.9%
11
China
CAD 62,610
29.0%
12
Malaysia
CAD 62,310
29.3%
13
Philippines
CAD 61,589
30.1%
14
Vietnam
CAD 59,564
32.4%
15
India
CAD 51,016
42.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 79,073
10.3%
1
Chile
CAD 72,618
17.6%
2
Costa Rica
CAD 71,627
18.7%
3
Puerto Rico
CAD 70,227
20.3%
4
Panama
CAD 68,089
22.7%
5
Ecuador
CAD 67,776
23.1%
6
Peru
CAD 64,909
26.3%
7
Colombia
CAD 64,767
26.5%
8
Brazil
CAD 64,667
26.6%
9
Uruguay
CAD 64,237
27.1%
10
Mexico
CAD 62,731
28.8%
11
Argentina
CAD 57,266
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 64,346
27.0%
1
Kenya
CAD 62,388
29.2%
2
South Africa
CAD 60,496
31.4%
3
Mozambique
CAD 60,357
31.5%
4
Nigeria
CAD 60,110
31.8%
5
Ghana
CAD 59,679
32.3%
6
Ivory Coast
CAD 58,464
33.7%
7
Morocco
CAD 56,546
35.8%
8
Cameroon
CAD 55,367
37.2%
9
Zambia
CAD 54,599
38.0%
10
Senegal
CAD 54,464
38.2%
11
Uganda
CAD 53,441
39.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 83,711
5.0%
1
Qatar
CAD 83,711
5.0%
2
Bahrain
CAD 81,068
8.0%
3
Oman
CAD 81,068
8.0%
4
Saudi Arabia
CAD 79,305
10.0%
5
Kuwait
CAD 78,583
10.8%
6
Egypt
CAD 66,473
24.6%
7
Lebanon
CAD 66,351
24.7%
8
Israel
CAD 66,082
25.0%
9
Turkey
CAD 51,587
41.5%
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.