Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$6,426
Federal tax deduction
- $731
Provincial tax deduction
- $312
CPP deduction
- $167
EI deduction
- $102
Total tax
- $1,311
Net pay
* $5,115
Marginal tax rate
27.1%
Average tax rate
20.4%
79.6%
Net pay
20.4%
Total tax
Total tax
Net pay
Summary
If you make $6,426 a year living in the region of Yukon, Canada, you will be taxed $1,311. That means that your net pay will be $5,115 per year, or $426 per month. Your average tax rate is 20.4% 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 $27.13, hence, your net pay will only increase by $72.87.
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.
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.