Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$63,338
Federal tax deduction
- $9,377
Provincial tax deduction
- $4,280
CPP deduction
- $3,407
EI deduction
- $951
Total tax
- $18,015
Net pay
* $45,323
Marginal tax rate
34.2%
Average tax rate
28.4%
71.6%
Net pay
28.4%
Total tax
Total tax
Net pay
The Taxberg
$45,323
Net pay
$4,739
Tax the employer pays
$18,015
Tax you pay
Total tax paid
$22,754
Did you know your employer also pays tax on your salary? It costs the employer $4,739 to pay you $63,338. In other words, every time you spend $10 of your hard-earned money, $3.59 goes to the government.
Real tax rate
33.4%
So, with you and the employer both paying tax, what used to be a 28.4% tax rate now rises to 33.4%, meaning your real tax rate is actually 5% higher than what it seemed at first.
Summary
If you make $63,338 a year living in the region of Ontario, Canada, you will be taxed $18,015. That means that your net pay will be $45,323 per year, or $3,777 per month. Your average tax rate is 28.4% and your marginal tax rate is 34.2%. 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 $34.19, hence, your net pay will only increase by $65.81.
Bonus Example
A $1,000 bonus will generate an extra $658 of net incomes. A $5,000 bonus will generate an extra $3,291 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 46,780
26.1%
1
British Columbia
CAD 46,084
27.2%
2
Northwest Territories
CAD 45,640
27.9%
3
Yukon
CAD 45,569
28.1%
4
Ontario
CAD 45,323
28.4%
5
Alberta
CAD 43,705
31.0%
6
Quebec
CAD 43,156
31.9%
7
New Brunswick
CAD 43,059
32.0%
8
Newfoundland and Labrador
CAD 43,070
32.0%
9
Saskatchewan
CAD 43,079
32.0%
10
Manitoba
CAD 42,669
32.6%
11
Prince Edward Island
CAD 42,549
32.8%
12
Nova Scotia
CAD 42,269
33.3%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 55,104
13.0%
1
Switzerland
CAD 54,095
14.6%
2
Hungary
CAD 51,620
18.5%
3
Ukraine
CAD 50,987
19.5%
4
United Kingdom
CAD 49,763
21.4%
5
Ireland
CAD 49,639
21.6%
6
France
CAD 49,110
22.5%
7
Czech Republic
CAD 48,673
23.2%
8
Norway
CAD 47,664
24.8%
9
Spain
CAD 46,336
26.8%
10
Luxembourg
CAD 45,525
28.1%
11
Sweden
CAD 44,641
29.5%
12
Austria
CAD 44,334
30.0%
13
Denmark
CAD 42,671
32.6%
14
Greece
CAD 42,082
33.6%
15
Germany
CAD 40,682
35.8%
16
Poland
CAD 40,300
36.4%
17
Netherlands
CAD 39,859
37.1%
18
Finland
CAD 38,433
39.3%
19
Italy
CAD 38,030
40.0%
20
Romania
CAD 37,053
41.5%
21
Portugal
CAD 36,732
42.0%
22
Belgium
CAD 31,113
50.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 50,178
20.8%
1
Canada
CAD 45,323
28.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 57,195
9.7%
1
Taiwan
CAD 55,163
12.9%
2
Thailand
CAD 52,649
16.9%
3
South Korea
CAD 51,254
19.1%
4
Kazakhstan
CAD 50,939
19.6%
5
Australia
CAD 50,195
20.8%
6
New Zealand
CAD 49,094
22.5%
7
Singapore
CAD 48,584
23.3%
8
Indonesia
CAD 47,947
24.3%
9
Pakistan
CAD 47,402
25.2%
10
Japan
CAD 47,116
25.6%
11
Malaysia
CAD 46,220
27.0%
12
Philippines
CAD 45,400
28.3%
13
Vietnam
CAD 43,498
31.3%
14
China
CAD 41,562
34.4%
15
India
CAD 39,202
38.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 57,142
9.8%
1
Puerto Rico
CAD 53,538
15.5%
2
Costa Rica
CAD 53,073
16.2%
3
Chile
CAD 52,114
17.7%
4
Ecuador
CAD 51,225
19.1%
5
Panama
CAD 50,216
20.7%
6
Colombia
CAD 48,910
22.8%
7
Peru
CAD 47,532
25.0%
8
Brazil
CAD 46,702
26.3%
9
Mexico
CAD 46,518
26.6%
10
Uruguay
CAD 43,532
31.3%
11
Argentina
CAD 41,160
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 46,320
26.9%
1
South Africa
CAD 45,866
27.6%
2
Kenya
CAD 45,042
28.9%
3
Mozambique
CAD 44,250
30.1%
4
Ghana
CAD 43,288
31.7%
5
Nigeria
CAD 43,256
31.7%
6
Ivory Coast
CAD 42,193
33.4%
7
Morocco
CAD 41,530
34.4%
8
Cameroon
CAD 40,280
36.4%
9
Uganda
CAD 39,813
37.1%
10
Senegal
CAD 39,596
37.5%
11
Zambia
CAD 39,360
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 60,171
5.0%
1
Qatar
CAD 60,171
5.0%
2
Bahrain
CAD 58,271
8.0%
3
Oman
CAD 58,271
8.0%
4
Saudi Arabia
CAD 57,004
10.0%
5
Kuwait
CAD 56,371
11.0%
6
Israel
CAD 50,135
20.8%
7
Egypt
CAD 47,888
24.4%
8
Lebanon
CAD 47,767
24.6%
9
Turkey
CAD 37,156
41.3%
10
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NOTE* Withholding is calculated based on the Ontario 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.