Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$88,738
Federal tax deduction
- $12,106
Provincial tax deduction
- $12,765
EI deduction
- $724
Quebec Pension Plan (QPP)
- $3,776
Quebec Parental Insurance Plan (QPIP)
- $431
Total tax
- $29,801
Net pay
* $58,937
Marginal tax rate
37.4%
Average tax rate
33.6%
66.4%
Net pay
33.6%
Total tax
Total tax
Net pay
The Taxberg
$58,937
Net pay
$5,393
Tax the employer pays
$29,801
Tax you pay
Total tax paid
$35,194
Did you know your employer also pays tax on your salary? It costs the employer $5,393 to pay you $88,738. 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 $88,738 a year living in the region of Quebec, Canada, you will be taxed $29,801. That means that your net pay will be $58,937 per year, or $4,911 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 65,119
26.6%
1
British Columbia
CAD 64,165
27.7%
2
Northwest Territories
CAD 63,574
28.4%
3
Yukon
CAD 63,402
28.6%
4
Ontario
CAD 62,765
29.3%
5
Alberta
CAD 61,288
30.9%
6
Saskatchewan
CAD 60,026
32.4%
7
New Brunswick
CAD 59,414
33.0%
8
Newfoundland and Labrador
CAD 59,371
33.1%
9
Manitoba
CAD 58,889
33.6%
10
Quebec
CAD 58,937
33.6%
11
Prince Edward Island
CAD 58,467
34.1%
12
Nova Scotia
CAD 58,156
34.5%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 77,202
13.0%
1
Switzerland
CAD 72,989
17.8%
2
Hungary
CAD 72,321
18.5%
3
Ukraine
CAD 71,434
19.5%
4
Czech Republic
CAD 67,469
24.0%
5
United Kingdom
CAD 66,718
24.8%
6
France
CAD 65,188
26.5%
7
Norway
CAD 63,730
28.2%
8
Ireland
CAD 62,720
29.3%
9
Spain
CAD 61,909
30.2%
10
Denmark
CAD 59,378
33.1%
11
Austria
CAD 57,699
35.0%
12
Sweden
CAD 57,685
35.0%
13
Luxembourg
CAD 57,303
35.4%
14
Netherlands
CAD 55,843
37.1%
15
Poland
CAD 54,919
38.1%
16
Greece
CAD 54,693
38.4%
17
Germany
CAD 53,201
40.1%
18
Romania
CAD 51,912
41.5%
19
Finland
CAD 50,599
43.0%
20
Italy
CAD 49,951
43.7%
21
Portugal
CAD 47,908
46.0%
22
Belgium
CAD 40,837
54.0%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 67,738
23.7%
1
Canada
CAD 62,765
29.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 78,229
11.8%
1
Taiwan
CAD 75,089
15.4%
2
Kazakhstan
CAD 71,513
19.4%
3
Thailand
CAD 71,292
19.7%
4
Singapore
CAD 69,614
21.6%
5
South Korea
CAD 69,514
21.7%
6
Australia
CAD 66,832
24.7%
7
New Zealand
CAD 65,759
25.9%
8
Japan
CAD 65,291
26.4%
9
Indonesia
CAD 65,169
26.6%
10
Pakistan
CAD 63,912
28.0%
11
China
CAD 63,076
28.9%
12
Malaysia
CAD 62,711
29.3%
13
Philippines
CAD 61,995
30.1%
14
Vietnam
CAD 59,968
32.4%
15
India
CAD 51,206
42.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 79,623
10.3%
1
Chile
CAD 73,096
17.6%
2
Costa Rica
CAD 72,072
18.8%
3
Puerto Rico
CAD 70,645
20.4%
4
Panama
CAD 68,504
22.8%
5
Ecuador
CAD 68,169
23.2%
6
Peru
CAD 65,330
26.4%
7
Colombia
CAD 65,174
26.6%
8
Brazil
CAD 65,117
26.6%
9
Uruguay
CAD 64,679
27.1%
10
Mexico
CAD 63,133
28.9%
11
Argentina
CAD 57,670
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 64,798
27.0%
1
Kenya
CAD 62,822
29.2%
2
South Africa
CAD 60,862
31.4%
3
Mozambique
CAD 60,760
31.5%
4
Nigeria
CAD 60,533
31.8%
5
Ghana
CAD 60,090
32.3%
6
Ivory Coast
CAD 58,888
33.6%
7
Morocco
CAD 56,922
35.9%
8
Cameroon
CAD 55,745
37.2%
9
Zambia
CAD 54,981
38.0%
10
Senegal
CAD 54,836
38.2%
11
Uganda
CAD 53,783
39.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 84,301
5.0%
1
Qatar
CAD 84,301
5.0%
2
Bahrain
CAD 81,639
8.0%
3
Oman
CAD 81,639
8.0%
4
Saudi Arabia
CAD 79,864
10.0%
5
Kuwait
CAD 79,151
10.8%
6
Egypt
CAD 66,938
24.6%
7
Lebanon
CAD 66,817
24.7%
8
Israel
CAD 66,460
25.1%
9
Turkey
CAD 51,949
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.