Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$89,024
Federal tax deduction
- $14,628
Provincial tax deduction
- $6,983
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $26,063
Net pay
* $62,961
Marginal tax rate
31.5%
Average tax rate
29.3%
70.7%
Net pay
29.3%
Total tax
Total tax
Net pay
The Taxberg
$62,961
Net pay
$4,834
Tax the employer pays
$26,063
Tax you pay
Total tax paid
$30,897
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $89,024. 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 $89,024 a year living in the region of Ontario, Canada, you will be taxed $26,063. That means that your net pay will be $62,961 per year, or $5,247 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 65,326
26.6%
1
British Columbia
CAD 64,364
27.7%
2
Northwest Territories
CAD 63,777
28.4%
3
Yukon
CAD 63,604
28.6%
4
Ontario
CAD 62,961
29.3%
5
Alberta
CAD 61,486
30.9%
6
Saskatchewan
CAD 60,218
32.4%
7
New Brunswick
CAD 59,598
33.1%
8
Newfoundland and Labrador
CAD 59,553
33.1%
9
Quebec
CAD 59,116
33.6%
10
Manitoba
CAD 59,066
33.7%
11
Prince Edward Island
CAD 58,647
34.1%
12
Nova Scotia
CAD 58,336
34.5%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 77,451
13.0%
1
Switzerland
CAD 73,194
17.8%
2
Hungary
CAD 72,555
18.5%
3
Ukraine
CAD 71,664
19.5%
4
Czech Republic
CAD 67,681
24.0%
5
United Kingdom
CAD 66,909
24.8%
6
France
CAD 65,369
26.6%
7
Norway
CAD 63,891
28.2%
8
Ireland
CAD 62,867
29.4%
9
Spain
CAD 62,088
30.3%
10
Denmark
CAD 59,562
33.1%
11
Austria
CAD 57,847
35.0%
12
Sweden
CAD 57,828
35.0%
13
Luxembourg
CAD 57,434
35.5%
14
Netherlands
CAD 56,023
37.1%
15
Poland
CAD 55,083
38.1%
16
Greece
CAD 54,830
38.4%
17
Germany
CAD 53,341
40.1%
18
Romania
CAD 52,079
41.5%
19
Finland
CAD 50,733
43.0%
20
Italy
CAD 50,087
43.7%
21
Portugal
CAD 48,034
46.0%
22
Belgium
CAD 40,943
54.0%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 67,921
23.7%
1
Canada
CAD 62,961
29.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 78,466
11.9%
1
Taiwan
CAD 75,313
15.4%
2
Kazakhstan
CAD 71,745
19.4%
3
Thailand
CAD 71,492
19.7%
4
Singapore
CAD 69,867
21.5%
5
South Korea
CAD 69,718
21.7%
6
Australia
CAD 67,019
24.7%
7
New Zealand
CAD 65,947
25.9%
8
Japan
CAD 65,498
26.4%
9
Indonesia
CAD 65,362
26.6%
10
Pakistan
CAD 64,098
28.0%
11
China
CAD 63,290
28.9%
12
Malaysia
CAD 62,895
29.4%
13
Philippines
CAD 62,182
30.2%
14
Vietnam
CAD 60,153
32.4%
15
India
CAD 51,337
42.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 79,876
10.3%
1
Chile
CAD 73,317
17.6%
2
Costa Rica
CAD 72,277
18.8%
3
Puerto Rico
CAD 70,838
20.4%
4
Panama
CAD 68,695
22.8%
5
Ecuador
CAD 68,351
23.2%
6
Peru
CAD 65,513
26.4%
7
Colombia
CAD 65,362
26.6%
8
Brazil
CAD 65,325
26.6%
9
Uruguay
CAD 64,883
27.1%
10
Mexico
CAD 63,318
28.9%
11
Argentina
CAD 57,856
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 65,006
27.0%
1
Kenya
CAD 63,023
29.2%
2
South Africa
CAD 61,031
31.4%
3
Mozambique
CAD 60,946
31.5%
4
Nigeria
CAD 60,727
31.8%
5
Ghana
CAD 60,279
32.3%
6
Ivory Coast
CAD 59,083
33.6%
7
Morocco
CAD 57,095
35.9%
8
Cameroon
CAD 55,919
37.2%
9
Zambia
CAD 55,157
38.0%
10
Senegal
CAD 55,008
38.2%
11
Uganda
CAD 53,940
39.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 84,573
5.0%
1
Qatar
CAD 84,573
5.0%
2
Bahrain
CAD 81,902
8.0%
3
Oman
CAD 81,902
8.0%
4
Saudi Arabia
CAD 80,122
10.0%
5
Kuwait
CAD 79,413
10.8%
6
Egypt
CAD 67,153
24.6%
7
Lebanon
CAD 67,032
24.7%
8
Israel
CAD 66,633
25.2%
9
Turkey
CAD 52,115
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.