Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$88,008
Federal tax deduction
- $11,981
Provincial tax deduction
- $12,619
EI deduction
- $724
Quebec Pension Plan (QPP)
- $3,776
Quebec Parental Insurance Plan (QPIP)
- $429
Total tax
- $29,529
Net pay
* $58,480
Marginal tax rate
37.4%
Average tax rate
33.6%
66.4%
Net pay
33.6%
Total tax
Total tax
Net pay
The Taxberg
$58,480
Net pay
$5,389
Tax the employer pays
$29,529
Tax you pay
Total tax paid
$34,918
Did you know your employer also pays tax on your salary? It costs the employer $5,389 to pay you $88,008. In other words, every time you spend $10 of your hard-earned money, $3.97 goes to the government.
Real tax rate
37.4%
So, with you and the employer both paying tax, what used to be a 33.6% tax rate now rises to 37.4%, meaning your real tax rate is actually 3.8% higher than what it seemed at first.
Summary
If you make $88,008 a year living in the region of Quebec, Canada, you will be taxed $29,529. That means that your net pay will be $58,480 per year, or $4,873 per month. Your average tax rate is 33.6% and your marginal tax rate is 37.4%. 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 $37.38, hence, your net pay will only increase by $62.62.
Bonus Example
A $1,000 bonus will generate an extra $626 of net incomes. A $5,000 bonus will generate an extra $3,131 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 64,589
26.6%
1
British Columbia
CAD 63,656
27.7%
2
Northwest Territories
CAD 63,057
28.4%
3
Yukon
CAD 62,887
28.5%
4
Ontario
CAD 62,264
29.3%
5
Alberta
CAD 60,780
30.9%
6
Saskatchewan
CAD 59,537
32.4%
7
New Brunswick
CAD 58,942
33.0%
8
Newfoundland and Labrador
CAD 58,906
33.1%
9
Manitoba
CAD 58,435
33.6%
10
Quebec
CAD 58,480
33.6%
11
Prince Edward Island
CAD 58,009
34.1%
12
Nova Scotia
CAD 57,697
34.4%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 76,567
13.0%
1
Switzerland
CAD 72,466
17.7%
2
Hungary
CAD 71,727
18.5%
3
Ukraine
CAD 70,846
19.5%
4
Czech Republic
CAD 66,929
24.0%
5
United Kingdom
CAD 66,231
24.7%
6
France
CAD 64,726
26.5%
7
Norway
CAD 63,316
28.1%
8
Ireland
CAD 62,344
29.2%
9
Spain
CAD 61,452
30.2%
10
Denmark
CAD 58,908
33.1%
11
Austria
CAD 57,321
34.9%
12
Sweden
CAD 57,320
34.9%
13
Luxembourg
CAD 56,969
35.3%
14
Netherlands
CAD 55,384
37.1%
15
Poland
CAD 54,498
38.1%
16
Greece
CAD 54,342
38.3%
17
Germany
CAD 52,844
40.0%
18
Romania
CAD 51,485
41.5%
19
Finland
CAD 50,257
42.9%
20
Italy
CAD 49,605
43.6%
21
Portugal
CAD 47,587
45.9%
22
Belgium
CAD 40,568
53.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 67,271
23.6%
1
Canada
CAD 62,264
29.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 77,623
11.8%
1
Taiwan
CAD 74,516
15.3%
2
Kazakhstan
CAD 70,922
19.4%
3
Thailand
CAD 70,781
19.6%
4
South Korea
CAD 68,993
21.6%
5
Singapore
CAD 68,968
21.6%
6
Australia
CAD 66,354
24.6%
7
New Zealand
CAD 65,280
25.8%
8
Japan
CAD 64,761
26.4%
9
Indonesia
CAD 64,675
26.5%
10
Pakistan
CAD 63,437
27.9%
11
China
CAD 62,528
29.0%
12
Malaysia
CAD 62,240
29.3%
13
Philippines
CAD 61,518
30.1%
14
Vietnam
CAD 59,493
32.4%
15
India
CAD 50,982
42.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 78,976
10.3%
1
Chile
CAD 72,534
17.6%
2
Costa Rica
CAD 71,549
18.7%
3
Puerto Rico
CAD 70,153
20.3%
4
Panama
CAD 68,017
22.7%
5
Ecuador
CAD 67,707
23.1%
6
Peru
CAD 64,836
26.3%
7
Colombia
CAD 64,696
26.5%
8
Brazil
CAD 64,588
26.6%
9
Uruguay
CAD 64,159
27.1%
10
Mexico
CAD 62,660
28.8%
11
Argentina
CAD 57,196
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 64,267
27.0%
1
Kenya
CAD 62,311
29.2%
2
South Africa
CAD 60,431
31.3%
3
Mozambique
CAD 60,286
31.5%
4
Nigeria
CAD 60,036
31.8%
5
Ghana
CAD 59,607
32.3%
6
Ivory Coast
CAD 58,390
33.7%
7
Morocco
CAD 56,480
35.8%
8
Cameroon
CAD 55,300
37.2%
9
Zambia
CAD 54,532
38.0%
10
Senegal
CAD 54,398
38.2%
11
Uganda
CAD 53,381
39.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 83,608
5.0%
1
Qatar
CAD 83,608
5.0%
2
Bahrain
CAD 80,967
8.0%
3
Oman
CAD 80,967
8.0%
4
Saudi Arabia
CAD 79,207
10.0%
5
Kuwait
CAD 78,483
10.8%
6
Egypt
CAD 66,391
24.6%
7
Lebanon
CAD 66,270
24.7%
8
Israel
CAD 66,016
25.0%
9
Turkey
CAD 51,524
41.5%
10
Show more
NOTE* Withholding is calculated based on the Quebec 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.