Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,250
Federal tax deduction
- $5,713
Provincial tax deduction
- $4,134
CPP deduction
- $2,209
EI deduction
- $668
Total tax
- $12,724
Net pay
* $29,526
Marginal tax rate
30.9%
Average tax rate
30.1%
69.9%
Net pay
30.1%
Total tax
Total tax
Net pay
Summary
If you make $42,250 a year living in the region of Saskatchewan, Canada, you will be taxed $12,724. That means that your net pay will be $29,526 per year, or $2,461 per month. Your average tax rate is 30.1% and your marginal tax rate is 30.9%. 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 $30.92, hence, your net pay will only increase by $69.08.
Bonus Example
A $1,000 bonus will generate an extra $691 of net incomes. A $5,000 bonus will generate an extra $3,454 of net incomes.
NOTE* Withholding is calculated based on the Saskatchewan 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.