Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,132
Federal tax deduction
- $5,697
Provincial tax deduction
- $2,431
CPP deduction
- $2,202
EI deduction
- $666
Total tax
- $10,995
Net pay
* $31,137
Marginal tax rate
27.1%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,137
Net pay
$3,134
Tax the employer pays
$10,995
Tax you pay
Total tax paid
$14,129
Did you know your employer also pays tax on your salary? It costs the employer $3,134 to pay you $42,132. In other words, every time you spend $10 of your hard-earned money, $3.35 goes to the government.
Real tax rate
31.2%
So, with you and the employer both paying tax, what used to be a 26.1% tax rate now rises to 31.2%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $42,132 a year living in the region of Yukon, Canada, you will be taxed $10,995. That means that your net pay will be $31,137 per year, or $2,595 per month. Your average tax rate is 26.1% 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 31,997
24.1%
1
British Columbia
CAD 31,559
25.1%
2
Northwest Territories
CAD 31,251
25.8%
3
Ontario
CAD 31,135
26.1%
4
Yukon
CAD 31,137
26.1%
5
Quebec
CAD 30,600
27.4%
6
Newfoundland and Labrador
CAD 29,979
28.8%
7
New Brunswick
CAD 29,874
29.1%
8
Alberta
CAD 29,641
29.6%
9
Saskatchewan
CAD 29,445
30.1%
10
Nova Scotia
CAD 29,344
30.4%
11
Prince Edward Island
CAD 29,314
30.4%
12
Manitoba
CAD 29,177
30.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,398
11.2%
1
Russia
CAD 36,655
13.0%
2
Ireland
CAD 36,226
14.0%
3
United Kingdom
CAD 35,608
15.5%
4
France
CAD 35,364
16.1%
5
Hungary
CAD 34,338
18.5%
6
Ukraine
CAD 33,916
19.5%
7
Norway
CAD 33,668
20.1%
8
Luxembourg
CAD 33,399
20.7%
9
Czech Republic
CAD 32,981
21.7%
10
Spain
CAD 32,795
22.2%
11
Austria
CAD 32,432
23.0%
12
Sweden
CAD 30,031
28.7%
13
Greece
CAD 29,760
29.4%
14
Germany
CAD 29,333
30.4%
15
Italy
CAD 28,908
31.4%
16
Poland
CAD 28,639
32.0%
17
Denmark
CAD 28,313
32.8%
18
Finland
CAD 27,459
34.8%
19
Netherlands
CAD 26,513
37.1%
20
Portugal
CAD 26,384
37.4%
21
Romania
CAD 24,647
41.5%
22
Belgium
CAD 23,438
44.4%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,488
18.1%
1
Canada
CAD 31,135
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,404
6.5%
1
Taiwan
CAD 37,564
10.8%
2
Thailand
CAD 36,742
12.8%
3
Australia
CAD 36,305
13.8%
4
South Korea
CAD 34,980
17.0%
5
New Zealand
CAD 34,702
17.6%
6
Kazakhstan
CAD 33,762
19.9%
7
Indonesia
CAD 33,382
20.8%
8
Pakistan
CAD 33,166
21.3%
9
Singapore
CAD 33,111
21.4%
10
Japan
CAD 32,665
22.5%
11
Malaysia
CAD 32,434
23.0%
12
Philippines
CAD 31,456
25.3%
13
Vietnam
CAD 30,262
28.2%
14
China
CAD 28,414
32.6%
15
India
CAD 27,157
35.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,092
9.6%
1
Puerto Rico
CAD 36,980
12.2%
2
Costa Rica
CAD 36,756
12.8%
3
Ecuador
CAD 35,633
15.4%
4
Panama
CAD 34,173
18.9%
5
Colombia
CAD 34,164
18.9%
6
Chile
CAD 33,688
20.0%
7
Mexico
CAD 32,268
23.4%
8
Peru
CAD 32,131
23.7%
9
Brazil
CAD 31,328
25.6%
10
Uruguay
CAD 30,434
27.8%
11
Argentina
CAD 27,376
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,720
22.3%
1
Angola
CAD 30,892
26.7%
2
Mozambique
CAD 30,466
27.7%
3
Kenya
CAD 30,198
28.3%
4
Ghana
CAD 29,260
30.6%
5
Ivory Coast
CAD 29,059
31.0%
6
Nigeria
CAD 28,831
31.6%
7
Morocco
CAD 28,679
31.9%
8
Uganda
CAD 27,795
34.0%
9
Cameroon
CAD 27,369
35.0%
10
Senegal
CAD 26,873
36.2%
11
Zambia
CAD 26,318
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,025
5.0%
1
Qatar
CAD 40,025
5.0%
2
Bahrain
CAD 38,761
8.0%
3
Oman
CAD 38,761
8.0%
4
Saudi Arabia
CAD 37,919
10.0%
5
Kuwait
CAD 37,497
11.0%
6
Israel
CAD 35,105
16.7%
7
Egypt
CAD 31,984
24.1%
8
Lebanon
CAD 31,863
24.4%
9
Turkey
CAD 24,805
41.1%
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.