Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,348
Federal tax deduction
- $6,422
Provincial tax deduction
- $2,740
CPP deduction
- $2,499
EI deduction
- $748
Total tax
- $12,410
Net pay
* $34,938
Marginal tax rate
27.1%
Average tax rate
26.2%
73.8%
Net pay
26.2%
Total tax
Total tax
Net pay
The Taxberg
$34,938
Net pay
$3,547
Tax the employer pays
$12,410
Tax you pay
Total tax paid
$15,956
Did you know your employer also pays tax on your salary? It costs the employer $3,547 to pay you $47,348. In other words, every time you spend $10 of your hard-earned money, $3.37 goes to the government.
Real tax rate
31.4%
So, with you and the employer both paying tax, what used to be a 26.2% tax rate now rises to 31.4%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
Summary
If you make $47,348 a year living in the region of Yukon, Canada, you will be taxed $12,410. That means that your net pay will be $34,938 per year, or $2,912 per month. Your average tax rate is 26.2% 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 35,884
24.2%
1
British Columbia
CAD 35,334
25.4%
2
Northwest Territories
CAD 35,019
26.0%
3
Yukon
CAD 34,938
26.2%
4
Ontario
CAD 34,858
26.4%
5
Quebec
CAD 33,965
28.3%
6
New Brunswick
CAD 33,400
29.5%
7
Newfoundland and Labrador
CAD 33,367
29.5%
8
Alberta
CAD 33,268
29.7%
9
Saskatchewan
CAD 33,017
30.3%
10
Prince Edward Island
CAD 32,742
30.8%
11
Nova Scotia
CAD 32,708
30.9%
12
Manitoba
CAD 32,663
31.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,708
11.9%
1
Russia
CAD 41,193
13.0%
2
Ireland
CAD 39,955
15.6%
3
United Kingdom
CAD 39,090
17.4%
4
France
CAD 38,988
17.7%
5
Hungary
CAD 38,589
18.5%
6
Ukraine
CAD 38,115
19.5%
7
Norway
CAD 37,110
21.6%
8
Czech Republic
CAD 36,841
22.2%
9
Luxembourg
CAD 36,688
22.5%
10
Spain
CAD 36,205
23.5%
11
Austria
CAD 35,209
25.6%
12
Sweden
CAD 33,538
29.2%
13
Greece
CAD 32,983
30.3%
14
Germany
CAD 32,212
32.0%
15
Denmark
CAD 31,881
32.7%
16
Poland
CAD 31,860
32.7%
17
Italy
CAD 31,203
34.1%
18
Finland
CAD 30,307
36.0%
19
Netherlands
CAD 29,796
37.1%
20
Portugal
CAD 29,097
38.6%
21
Romania
CAD 27,699
41.5%
22
Belgium
CAD 25,020
47.2%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,347
19.0%
1
Canada
CAD 34,858
26.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,924
7.2%
1
Taiwan
CAD 42,074
11.1%
2
Thailand
CAD 40,656
14.1%
3
Australia
CAD 39,721
16.1%
4
South Korea
CAD 39,014
17.6%
5
New Zealand
CAD 38,280
19.2%
6
Kazakhstan
CAD 37,987
19.8%
7
Indonesia
CAD 37,068
21.7%
8
Singapore
CAD 36,912
22.0%
9
Pakistan
CAD 36,687
22.5%
10
Japan
CAD 36,219
23.5%
11
Malaysia
CAD 35,818
24.4%
12
Philippines
CAD 34,943
26.2%
13
Vietnam
CAD 33,530
29.2%
14
China
CAD 31,648
33.2%
15
India
CAD 30,120
36.4%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,808
9.6%
1
Puerto Rico
CAD 41,066
13.3%
2
Costa Rica
CAD 40,870
13.7%
3
Ecuador
CAD 39,644
16.3%
4
Panama
CAD 38,119
19.5%
5
Chile
CAD 37,850
20.1%
6
Colombia
CAD 37,815
20.1%
7
Peru
CAD 35,919
24.1%
8
Mexico
CAD 35,774
24.4%
9
Brazil
CAD 35,110
25.9%
10
Uruguay
CAD 33,822
28.6%
11
Argentina
CAD 30,767
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,058
23.8%
1
Angola
CAD 34,687
26.7%
2
Mozambique
CAD 33,857
28.5%
3
Kenya
CAD 33,849
28.5%
4
Ghana
CAD 32,710
30.9%
5
Nigeria
CAD 32,379
31.6%
6
Ivory Coast
CAD 32,290
31.8%
7
Morocco
CAD 31,840
32.8%
8
Uganda
CAD 31,018
34.5%
9
Cameroon
CAD 30,545
35.5%
10
Senegal
CAD 30,002
36.6%
11
Zambia
CAD 29,526
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,981
5.0%
1
Qatar
CAD 44,981
5.0%
2
Bahrain
CAD 43,560
8.0%
3
Oman
CAD 43,560
8.0%
4
Saudi Arabia
CAD 42,613
10.0%
5
Kuwait
CAD 42,140
11.0%
6
Israel
CAD 38,878
17.9%
7
Egypt
CAD 35,896
24.2%
8
Lebanon
CAD 35,775
24.4%
9
Turkey
CAD 27,843
41.2%
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.