Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$70,118
Federal tax deduction
- $10,752
Provincial tax deduction
- $4,638
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $19,843
Net pay
* $50,275
Marginal tax rate
29.5%
Average tax rate
28.3%
71.7%
Net pay
28.3%
Total tax
Total tax
Net pay
The Taxberg
$50,275
Net pay
$4,834
Tax the employer pays
$19,843
Tax you pay
Total tax paid
$24,677
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,118. In other words, every time you spend $10 of your hard-earned money, $3.52 goes to the government.
Real tax rate
32.9%
So, with you and the employer both paying tax, what used to be a 28.3% tax rate now rises to 32.9%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $70,118 a year living in the region of Yukon, Canada, you will be taxed $19,843. That means that your net pay will be $50,275 per year, or $4,190 per month. Your average tax rate is 28.3% and your marginal tax rate is 29.5%. 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 $29.50, hence, your net pay will only increase by $70.50.
Bonus Example
A $1,000 bonus will generate an extra $705 of net incomes. A $5,000 bonus will generate an extra $3,525 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 51,619
26.4%
1
British Columbia
CAD 50,876
27.4%
2
Northwest Territories
CAD 50,373
28.2%
3
Yukon
CAD 50,275
28.3%
4
Ontario
CAD 50,014
28.7%
5
Alberta
CAD 48,347
31.0%
6
Saskatchewan
CAD 47,551
32.2%
7
New Brunswick
CAD 47,373
32.4%
8
Newfoundland and Labrador
CAD 47,404
32.4%
9
Quebec
CAD 47,302
32.5%
10
Manitoba
CAD 47,124
32.8%
11
Prince Edward Island
CAD 46,774
33.3%
12
Nova Scotia
CAD 46,457
33.7%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,193
21.3%
1
Canada
CAD 50,014
28.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 62,774
10.5%
1
Taiwan
CAD 60,481
13.7%
2
Thailand
CAD 57,734
17.7%
3
Kazakhstan
CAD 56,431
19.5%
4
South Korea
CAD 56,225
19.8%
5
Australia
CAD 54,636
22.1%
6
New Zealand
CAD 53,542
23.6%
7
Singapore
CAD 53,539
23.6%
8
Indonesia
CAD 52,551
25.1%
9
Pakistan
CAD 51,809
26.1%
10
Japan
CAD 51,756
26.2%
11
Malaysia
CAD 50,608
27.8%
12
Philippines
CAD 49,830
28.9%
13
Vietnam
CAD 47,865
31.7%
14
China
CAD 46,523
33.7%
15
India
CAD 43,053
38.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 63,142
10.0%
1
Costa Rica
CAD 58,231
17.0%
2
Puerto Rico
CAD 58,104
17.1%
3
Chile
CAD 57,945
17.4%
4
Panama
CAD 55,345
21.1%
5
Ecuador
CAD 55,240
21.2%
6
Colombia
CAD 53,357
23.9%
7
Peru
CAD 52,404
25.3%
8
Brazil
CAD 51,618
26.4%
9
Mexico
CAD 51,009
27.3%
10
Uruguay
CAD 47,649
32.0%
11
Argentina
CAD 45,567
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 51,252
26.9%
1
South Africa
CAD 49,876
28.9%
2
Kenya
CAD 49,788
29.0%
3
Mozambique
CAD 48,657
30.6%
4
Nigeria
CAD 47,867
31.7%
5
Ghana
CAD 47,772
31.9%
6
Ivory Coast
CAD 46,394
33.8%
7
Morocco
CAD 45,638
34.9%
8
Cameroon
CAD 44,408
36.7%
9
Senegal
CAD 43,664
37.7%
10
Uganda
CAD 43,542
37.9%
11
Zambia
CAD 43,529
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 66,612
5.0%
1
Qatar
CAD 66,612
5.0%
2
Bahrain
CAD 64,509
8.0%
3
Oman
CAD 64,509
8.0%
4
Saudi Arabia
CAD 63,106
10.0%
5
Kuwait
CAD 62,405
11.0%
6
Israel
CAD 54,908
21.7%
7
Egypt
CAD 52,973
24.5%
8
Lebanon
CAD 52,852
24.6%
9
Turkey
CAD 41,104
41.4%
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.