Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$12,996
Federal tax deduction
- $1,644
Provincial tax deduction
- $702
CPP deduction
- $541
EI deduction
- $205
Total tax
- $3,093
Net pay
* $9,903
Marginal tax rate
27.1%
Average tax rate
23.8%
76.2%
Net pay
23.8%
Total tax
Total tax
Net pay
The Taxberg
$9,903
Net pay
$829
Tax the employer pays
$3,093
Tax you pay
Total tax paid
$3,921
Did you know your employer also pays tax on your salary? It costs the employer $829 to pay you $12,996. In other words, every time you spend $10 of your hard-earned money, $3.02 goes to the government.
Real tax rate
28.4%
So, with you and the employer both paying tax, what used to be a 23.8% tax rate now rises to 28.4%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $12,996 a year living in the region of Yukon, Canada, you will be taxed $3,093. That means that your net pay will be $9,903 per year, or $825 per month. Your average tax rate is 23.8% and your marginal tax rate is 27.1%. 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 $27.12, hence, your net pay will only increase by $72.88.
Bonus Example
A $1,000 bonus will generate an extra $729 of net incomes. A $5,000 bonus will generate an extra $3,644 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 10,826
16.7%
1
British Columbia
CAD 10,476
19.4%
2
Nunavut
CAD 10,115
22.2%
3
Ontario
CAD 9,986
23.2%
4
Yukon
CAD 9,903
23.8%
5
Northwest Territories
CAD 9,882
24.0%
6
Newfoundland and Labrador
CAD 9,539
26.6%
7
Nova Scotia
CAD 9,528
26.7%
8
New Brunswick
CAD 9,454
27.3%
9
Prince Edward Island
CAD 9,405
27.6%
10
Alberta
CAD 9,380
27.8%
11
Saskatchewan
CAD 9,319
28.3%
12
Manitoba
CAD 9,282
28.6%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 11,785
9.3%
1
Canada
CAD 9,986
23.2%
2
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 11,964
7.9%
1
Colombia
CAD 11,956
8.0%
2
Ecuador
CAD 11,768
9.5%
3
Guatemala
CAD 11,750
9.6%
4
Costa Rica
CAD 11,631
10.5%
5
Panama
CAD 11,566
11.0%
6
Peru
CAD 11,372
12.5%
7
Mexico
CAD 11,069
14.8%
8
Brazil
CAD 10,883
16.3%
9
Chile
CAD 10,709
17.6%
10
Uruguay
CAD 10,384
20.1%
11
Argentina
CAD 8,438
35.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 12,346
5.0%
1
Qatar
CAD 12,346
5.0%
2
Bahrain
CAD 11,956
8.0%
3
Oman
CAD 11,956
8.0%
4
Saudi Arabia
CAD 11,696
10.0%
5
Kuwait
CAD 11,566
11.0%
6
Israel
CAD 11,287
13.2%
7
Egypt
CAD 10,132
22.0%
8
Lebanon
CAD 10,011
23.0%
9
Turkey
CAD 7,605
41.5%
10
Show more
NOTE* Withholding is calculated based on the Yukon 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.