Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$50,310
Federal tax deduction
- $6,850
Provincial tax deduction
- $4,697
CPP deduction
- $2,668
EI deduction
- $795
Total tax
- $15,011
Net pay
* $35,299
Marginal tax rate
40.6%
Average tax rate
29.8%
70.2%
Net pay
29.8%
Total tax
Total tax
Net pay
Summary
If you make $50,310 a year living in the region of New Brunswick, Canada, you will be taxed $15,011. That means that your net pay will be $35,299 per year, or $2,942 per month. Your average tax rate is 29.8% and your marginal tax rate is 40.6%. 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 $40.61, hence, your net pay will only increase by $59.39.
Bonus Example
A $1,000 bonus will generate an extra $594 of net incomes. A $5,000 bonus will generate an extra $2,970 of net incomes.
NOTE* Withholding is calculated based on the New Brunswick 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.