Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,600
Federal tax deduction
- $6,596
Provincial tax deduction
- $2,436
CPP deduction
- $2,571
EI deduction
- $768
Total tax
- $12,371
Net pay
* $36,229
Marginal tax rate
28.5%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
Summary
If you make $48,600 a year living in the region of British Columbia, Canada, you will be taxed $12,371. That means that your net pay will be $36,229 per year, or $3,019 per month. Your average tax rate is 25.5% and your marginal tax rate is 28.5%. 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 $28.52, hence, your net pay will only increase by $71.48.
Bonus Example
A $1,000 bonus will generate an extra $715 of net incomes. A $5,000 bonus will generate an extra $3,574 of net incomes.
NOTE* Withholding is calculated based on the British Columbia 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.