2024 Alberta Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$42,500.00
Salary
$42,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8,181.10
Federal Tax
$3,396.20
Provincial Tax
$1,758.90
CPP Contributions
$2,320.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$705.50
Net Pay
$34,318.90
Marginal Tax Rate
23.22%
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Monthly Salary
Total Income
$3,541.67
Salary
$3,541.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$681.76
Federal Tax
$283.02
Provincial Tax
$146.58
CPP Contributions
$193.38
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$58.79
Net Pay
$2,859.91
Marginal Tax Rate
23.22%
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Biweekly Salary
Total Income
$1,634.62
Salary
$1,634.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$314.66
Federal Tax
$130.62
Provincial Tax
$67.65
CPP Contributions
$89.25
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$27.13
Net Pay
$1,319.96
Marginal Tax Rate
23.22%
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Weekly Salary
Total Income
$817.31
Salary
$817.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$157.33
Federal Tax
$65.31
Provincial Tax
$33.83
CPP Contributions
$44.63
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$13.57
Net Pay
$659.98
Marginal Tax Rate
23.22%
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Daily Salary
Total Income
$163.46
Salary
$163.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$31.47
Federal Tax
$13.06
Provincial Tax
$6.77
CPP Contributions
$8.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.71
Net Pay
$132.00
Marginal Tax Rate
23.22%
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Hourly Salary
Total Income
$21.79
Salary
$21.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.20
Federal Tax
$1.74
Provincial Tax
$0.90
CPP Contributions
$1.19
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.36
Net Pay
$17.60
Marginal Tax Rate
23.22%
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $55,867.00 or less | 15% |
| $55,867.00 - $111,732.99 | 20.5% |
| $111,733.00 - $173,204.99 | 26% |
| $173,205.00 - $246,751.99 | 29% |
| More than $246,752.00 | 33% |
| Alberta Tax Bracket | Alberta Tax Rates |
|---|---|
| $148,269.00 or less | 10% |
| $148,269.00 - $177,921.99 | 12% |
| $177,922.00 - $237,229.99 | 13% |
| $237,230.00 - $355,844.99 | 14% |
| More than $355,845.00 | 15% |
Annual Income Tax by Province/Territory
Total Income
$42,500.00
Total Deductions
$7,250.48
Net Pay
$35,249.52
Average Tax Rate
9.94%
Comprehensive Deduction Rate
17.06%
Total Income
$42,500.00
Total Deductions
$7,726.16
Net Pay
$34,773.84
Average Tax Rate
11.06%
Comprehensive Deduction Rate
18.18%
Total Income
$42,500.00
Total Deductions
$7,783.03
Net Pay
$34,716.97
Average Tax Rate
11.19%
Comprehensive Deduction Rate
18.31%
Total Income
$42,500.00
Total Deductions
$7,851.71
Net Pay
$34,648.29
Average Tax Rate
11.35%
Comprehensive Deduction Rate
18.47%
Total Income
$42,500.00
Total Deductions
$8,181.10
Net Pay
$34,318.90
Average Tax Rate
12.13%
Comprehensive Deduction Rate
19.25%
Total Income
$42,500.00
Total Deductions
$8,239.49
Net Pay
$34,260.51
Average Tax Rate
12.27%
Comprehensive Deduction Rate
19.39%
Total Income
$42,500.00
Total Deductions
$8,625.41
Net Pay
$33,874.59
Average Tax Rate
13.18%
Comprehensive Deduction Rate
20.3%
Total Income
$42,500.00
Total Deductions
$8,906.62
Net Pay
$33,593.38
Average Tax Rate
13.84%
Comprehensive Deduction Rate
20.96%
Total Income
$42,500.00
Total Deductions
$8,915.27
Net Pay
$33,584.73
Average Tax Rate
13.86%
Comprehensive Deduction Rate
20.98%
Total Income
$42,500.00
Total Deductions
$8,981.15
Net Pay
$33,518.85
Average Tax Rate
14.01%
Comprehensive Deduction Rate
21.13%
Total Income
$42,500.00
Total Deductions
$9,121.65
Net Pay
$33,378.35
Average Tax Rate
13.78%
Comprehensive Deduction Rate
21.46%
Total Income
$42,500.00
Total Deductions
$9,295.40
Net Pay
$33,204.60
Average Tax Rate
14.75%
Comprehensive Deduction Rate
21.87%
Total Income
$42,500.00
Total Deductions
$9,770.08
Net Pay
$32,729.92
Average Tax Rate
15.87%
Comprehensive Deduction Rate
22.99%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $42,500.00 | $7,250.48 | $35,249.52 | 9.94% | 17.06% |
| Northwest Territories | $42,500.00 | $7,726.16 | $34,773.84 | 11.06% | 18.18% |
| British Columbia | $42,500.00 | $7,783.03 | $34,716.97 | 11.19% | 18.31% |
| Yukon | $42,500.00 | $7,851.71 | $34,648.29 | 11.35% | 18.47% |
| Alberta | $42,500.00 | $8,181.10 | $34,318.90 | 12.13% | 19.25% |
| Ontario | $42,500.00 | $8,239.49 | $34,260.51 | 12.27% | 19.39% |
| Saskatchewan | $42,500.00 | $8,625.41 | $33,874.59 | 13.18% | 20.3% |
| New Brunswick | $42,500.00 | $8,906.62 | $33,593.38 | 13.84% | 20.96% |
| Newfoundland and Labrador | $42,500.00 | $8,915.27 | $33,584.73 | 13.86% | 20.98% |
| Manitoba | $42,500.00 | $8,981.15 | $33,518.85 | 14.01% | 21.13% |
| Quebec | $42,500.00 | $9,121.65 | $33,378.35 | 13.78% | 21.46% |
| Prince Edward Island | $42,500.00 | $9,295.40 | $33,204.60 | 14.75% | 21.87% |
| Nova Scotia | $42,500.00 | $9,770.08 | $32,729.92 | 15.87% | 22.99% |
This tool was designed for approximation purposes only and should not be used to replace legal or accounting authority. For the purpose of simplifying the process, a number of variables have been assumed to calculate the figures included on this page. The results of this calculator should not be relied upon for determining career and/or tax decisions.
Jobs paying $42,500+/year
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