Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$148,000
Federal tax deduction
- $29,337
Provincial tax deduction
- $12,552
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $46,341
Net pay
* $101,659
Marginal tax rate
36.9%
Average tax rate
31.3%
68.7%
Net pay
31.3%
Total tax
Total tax
Net pay
The Taxberg
$101,659
Net pay
$4,834
Tax the employer pays
$46,341
Tax you pay
Total tax paid
$51,175
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $148,000. In other words, every time you spend $10 of your hard-earned money, $3.46 goes to the government.
Real tax rate
33.5%
So, with you and the employer both paying tax, what used to be a 31.3% tax rate now rises to 33.5%, meaning your real tax rate is actually 2.2% higher than what it seemed at first.
Summary
If you make $148,000 a year living in the region of Yukon, Canada, you will be taxed $46,341. That means that your net pay will be $101,659 per year, or $8,472 per month. Your average tax rate is 31.3% and your marginal tax rate is 36.9%. 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 $36.90, hence, your net pay will only increase by $63.10.
Bonus Example
A $1,000 bonus will generate an extra $631 of net incomes. A $5,000 bonus will generate an extra $3,155 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 104,418
29.4%
1
Yukon
CAD 101,659
31.3%
2
British Columbia
CAD 100,894
31.8%
3
Northwest Territories
CAD 100,886
31.8%
4
Alberta
CAD 99,520
32.8%
5
Ontario
CAD 97,199
34.3%
6
Saskatchewan
CAD 96,826
34.6%
7
Newfoundland and Labrador
CAD 94,338
36.3%
8
New Brunswick
CAD 94,096
36.4%
9
Manitoba
CAD 93,071
37.1%
10
Nova Scotia
CAD 92,315
37.6%
11
Prince Edward Island
CAD 92,200
37.7%
12
Quebec
CAD 91,248
38.3%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 128,760
13.0%
1
Hungary
CAD 120,620
18.5%
2
Ukraine
CAD 119,140
19.5%
3
Switzerland
CAD 114,155
22.9%
4
Czech Republic
CAD 112,487
24.0%
5
United Kingdom
CAD 100,478
32.1%
6
France
CAD 100,213
32.3%
7
Norway
CAD 96,504
34.8%
8
Spain
CAD 94,893
35.9%
9
Denmark
CAD 93,796
36.6%
10
Ireland
CAD 91,696
38.0%
11
Austria
CAD 90,676
38.7%
12
Poland
CAD 89,027
39.9%
13
Netherlands
CAD 87,537
40.9%
14
Sweden
CAD 87,322
41.0%
15
Romania
CAD 86,580
41.5%
16
Greece
CAD 85,747
42.1%
17
Luxembourg
CAD 84,457
42.9%
18
Germany
CAD 81,384
45.0%
19
Italy
CAD 77,295
47.8%
20
Finland
CAD 75,843
48.8%
21
Portugal
CAD 69,443
53.1%
22
Belgium
CAD 62,901
57.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 105,538
28.7%
1
Canada
CAD 97,199
34.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 127,416
13.9%
1
Kazakhstan
CAD 123,718
16.4%
2
Singapore
CAD 121,262
18.1%
3
Taiwan
CAD 118,451
20.0%
4
China
CAD 113,508
23.3%
5
Thailand
CAD 112,776
23.8%
6
South Korea
CAD 107,166
27.6%
7
Indonesia
CAD 105,230
28.9%
8
New Zealand
CAD 105,043
29.0%
9
Australia
CAD 103,921
29.8%
10
Japan
CAD 102,932
30.5%
11
Pakistan
CAD 102,432
30.8%
12
Malaysia
CAD 100,843
31.9%
13
Philippines
CAD 100,713
32.0%
14
Vietnam
CAD 98,488
33.5%
15
India
CAD 82,995
43.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 132,074
10.8%
1
Costa Rica
CAD 114,504
22.6%
2
Chile
CAD 114,211
22.8%
3
Uruguay
CAD 108,950
26.4%
4
Colombia
CAD 108,597
26.6%
5
Brazil
CAD 108,082
27.0%
6
Panama
CAD 108,061
27.0%
7
Puerto Rico
CAD 105,978
28.4%
8
Ecuador
CAD 103,334
30.2%
9
Mexico
CAD 101,742
31.3%
10
Peru
CAD 101,636
31.3%
11
Argentina
CAD 96,190
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 107,911
27.1%
1
Kenya
CAD 104,306
29.5%
2
Nigeria
CAD 100,843
31.9%
3
Ivory Coast
CAD 99,324
32.9%
4
Ghana
CAD 99,291
32.9%
5
Mozambique
CAD 99,281
32.9%
6
South Africa
CAD 95,260
35.6%
7
Morocco
CAD 92,834
37.3%
8
Cameroon
CAD 91,827
38.0%
9
Zambia
CAD 91,427
38.2%
10
Senegal
CAD 90,393
38.9%
11
Uganda
CAD 86,377
41.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 140,600
5.0%
1
Qatar
CAD 140,600
5.0%
2
Bahrain
CAD 136,160
8.0%
3
Oman
CAD 136,160
8.0%
4
Kuwait
CAD 133,376
9.9%
5
Saudi Arabia
CAD 133,200
10.0%
6
Egypt
CAD 111,385
24.7%
7
Lebanon
CAD 111,264
24.8%
8
Israel
CAD 100,821
31.9%
9
Turkey
CAD 86,464
41.6%
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.