Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$29,000
Federal tax deduction
- $3,870
Provincial tax deduction
- $1,651
CPP deduction
- $1,454
EI deduction
- $458
Total tax
- $7,433
Net pay
* $21,567
Marginal tax rate
27.1%
Average tax rate
25.6%
74.4%
Net pay
25.6%
Total tax
Total tax
Net pay
The Taxberg
$21,567
Net pay
$2,095
Tax the employer pays
$7,433
Tax you pay
Total tax paid
$9,528
Did you know your employer also pays tax on your salary? It costs the employer $2,095 to pay you $29,000. In other words, every time you spend $10 of your hard-earned money, $3.29 goes to the government.
Real tax rate
30.6%
So, with you and the employer both paying tax, what used to be a 25.6% tax rate now rises to 30.6%, meaning your real tax rate is actually 5% higher than what it seemed at first.
Summary
If you make $29,000 a year living in the region of Yukon, Canada, you will be taxed $7,433. That means that your net pay will be $21,567 per year, or $1,797 per month. Your average tax rate is 25.6% 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
Nunavut
CAD 22,135
23.7%
1
British Columbia
CAD 22,085
23.8%
2
Quebec
CAD 21,984
24.2%
3
Northwest Territories
CAD 21,620
25.4%
4
Yukon
CAD 21,567
25.6%
5
Ontario
CAD 21,550
25.7%
6
Newfoundland and Labrador
CAD 20,861
28.1%
7
Nova Scotia
CAD 20,817
28.2%
8
New Brunswick
CAD 20,672
28.7%
9
Prince Edward Island
CAD 20,563
29.1%
10
Alberta
CAD 20,509
29.3%
11
Saskatchewan
CAD 20,374
29.7%
12
Manitoba
CAD 20,293
30.0%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 27,389
5.6%
1
United Kingdom
CAD 26,843
7.4%
2
Switzerland
CAD 26,660
8.1%
3
Russia
CAD 25,230
13.0%
4
France
CAD 24,985
13.9%
5
Norway
CAD 24,760
14.6%
6
Luxembourg
CAD 24,254
16.4%
7
Austria
CAD 24,175
16.6%
8
Spain
CAD 23,840
17.8%
9
Hungary
CAD 23,635
18.5%
10
Ukraine
CAD 23,345
19.5%
11
Czech Republic
CAD 23,263
19.8%
12
Italy
CAD 22,170
23.6%
13
Germany
CAD 21,930
24.4%
14
Greece
CAD 21,355
26.4%
15
Sweden
CAD 21,231
26.8%
16
Poland
CAD 20,254
30.2%
17
Finland
CAD 19,453
32.9%
18
Denmark
CAD 19,426
33.0%
19
Portugal
CAD 19,317
33.4%
20
Belgium
CAD 18,456
36.4%
21
Netherlands
CAD 18,249
37.1%
22
Romania
CAD 16,965
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 24,687
14.9%
1
Canada
CAD 21,550
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 27,473
5.3%
1
Thailand
CAD 26,227
9.6%
2
Taiwan
CAD 26,212
9.6%
3
Australia
CAD 26,069
10.1%
4
South Korea
CAD 24,712
14.8%
5
New Zealand
CAD 24,335
16.1%
6
Pakistan
CAD 24,196
16.6%
7
Indonesia
CAD 23,829
17.8%
8
Malaysia
CAD 23,668
18.4%
9
Japan
CAD 23,199
20.0%
10
Kazakhstan
CAD 23,125
20.3%
11
Singapore
CAD 23,041
20.6%
12
Philippines
CAD 22,592
22.1%
13
Vietnam
CAD 21,614
25.5%
14
China
CAD 20,436
29.5%
15
India
CAD 19,698
32.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 26,219
9.6%
1
Costa Rica
CAD 25,939
10.6%
2
Puerto Rico
CAD 25,935
10.6%
3
Ecuador
CAD 25,401
12.4%
4
Colombia
CAD 24,862
14.3%
5
Panama
CAD 24,239
16.4%
6
Chile
CAD 23,483
19.0%
7
Mexico
CAD 23,061
20.5%
8
Peru
CAD 22,333
23.0%
9
Brazil
CAD 21,807
24.8%
10
Uruguay
CAD 21,351
26.4%
11
Argentina
CAD 18,840
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 23,865
17.7%
1
Mozambique
CAD 21,648
25.4%
2
Angola
CAD 21,339
26.4%
3
Kenya
CAD 21,006
27.6%
4
Morocco
CAD 20,718
28.6%
5
Ivory Coast
CAD 20,597
29.0%
6
Ghana
CAD 20,573
29.1%
7
Nigeria
CAD 19,899
31.4%
8
Cameroon
CAD 19,373
33.2%
9
Uganda
CAD 19,260
33.6%
10
Senegal
CAD 18,945
34.7%
11
Zambia
CAD 18,242
37.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 27,550
5.0%
1
Qatar
CAD 27,550
5.0%
2
Bahrain
CAD 26,680
8.0%
3
Oman
CAD 26,680
8.0%
4
Saudi Arabia
CAD 26,100
10.0%
5
Kuwait
CAD 25,810
11.0%
6
Israel
CAD 25,115
13.4%
7
Egypt
CAD 22,135
23.7%
8
Lebanon
CAD 22,014
24.1%
9
Turkey
CAD 16,820
42.0%
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.