2024 Prince Edward Island Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$48,009.00
Salary
$48,009.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11,194.37
Federal Tax
$4,166.13
Provincial Tax
$3,583.00
CPP Contributions
$2,648.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$796.95
Net Pay
$36,814.63
Marginal Tax Rate
26.86%
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
Monthly Salary
Total Income
$4,000.75
Salary
$4,000.75
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$932.86
Federal Tax
$347.18
Provincial Tax
$298.58
CPP Contributions
$220.69
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$66.41
Net Pay
$3,067.89
Marginal Tax Rate
26.86%
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
Biweekly Salary
Total Income
$1,846.50
Salary
$1,846.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$430.55
Federal Tax
$160.24
Provincial Tax
$137.81
CPP Contributions
$101.86
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$30.65
Net Pay
$1,415.95
Marginal Tax Rate
26.86%
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
Weekly Salary
Total Income
$923.25
Salary
$923.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$215.28
Federal Tax
$80.12
Provincial Tax
$68.90
CPP Contributions
$50.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.33
Net Pay
$707.97
Marginal Tax Rate
26.86%
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
Daily Salary
Total Income
$184.65
Salary
$184.65
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$43.06
Federal Tax
$16.02
Provincial Tax
$13.78
CPP Contributions
$10.19
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.07
Net Pay
$141.59
Marginal Tax Rate
26.86%
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
Hourly Salary
Total Income
$24.62
Salary
$24.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.74
Federal Tax
$2.14
Provincial Tax
$1.84
CPP Contributions
$1.36
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.41
Net Pay
$18.88
Marginal Tax Rate
26.86%
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
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% |
| Prince Edward Island Tax Bracket | Prince Edward Island Tax Rates |
|---|---|
| $32,656.00 or less | 9.65% |
| $32,656.00 - $64,312.99 | 13.63% |
| $64,313.00 - $104,999.99 | 16.65% |
| $105,000.00 - $139,999.99 | 18% |
| More than $140,000.00 | 18.75% |
Income taxes on hourly wages
Annual Income Tax by Province/Territory
Total Income
$48,009.00
Total Deductions
$8,643.24
Net Pay
$39,365.76
Average Tax Rate
10.83%
Comprehensive Deduction Rate
18%
Total Income
$48,009.00
Total Deductions
$9,215.62
Net Pay
$38,793.38
Average Tax Rate
12.02%
Comprehensive Deduction Rate
19.2%
Total Income
$48,009.00
Total Deductions
$9,231.18
Net Pay
$38,777.82
Average Tax Rate
12.05%
Comprehensive Deduction Rate
19.23%
Total Income
$48,009.00
Total Deductions
$9,366.62
Net Pay
$38,642.38
Average Tax Rate
12.33%
Comprehensive Deduction Rate
19.51%
Total Income
$48,009.00
Total Deductions
$9,687.94
Net Pay
$38,321.06
Average Tax Rate
13%
Comprehensive Deduction Rate
20.18%
Total Income
$48,009.00
Total Deductions
$9,879.25
Net Pay
$38,129.75
Average Tax Rate
13.4%
Comprehensive Deduction Rate
20.58%
Total Income
$48,009.00
Total Deductions
$10,349.01
Net Pay
$37,659.99
Average Tax Rate
14.38%
Comprehensive Deduction Rate
21.56%
Total Income
$48,009.00
Total Deductions
$10,574.23
Net Pay
$37,434.77
Average Tax Rate
14.85%
Comprehensive Deduction Rate
22.03%
Total Income
$48,009.00
Total Deductions
$10,739.19
Net Pay
$37,269.81
Average Tax Rate
15.19%
Comprehensive Deduction Rate
22.37%
Total Income
$48,009.00
Total Deductions
$10,826.77
Net Pay
$37,182.23
Average Tax Rate
15.38%
Comprehensive Deduction Rate
22.55%
Total Income
$48,009.00
Total Deductions
$10,981.30
Net Pay
$37,027.70
Average Tax Rate
15.13%
Comprehensive Deduction Rate
22.87%
Total Income
$48,009.00
Total Deductions
$11,194.37
Net Pay
$36,814.63
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.32%
Total Income
$48,009.00
Total Deductions
$11,775.05
Net Pay
$36,233.95
Average Tax Rate
17.35%
Comprehensive Deduction Rate
24.53%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $48,009.00 | $8,643.24 | $39,365.76 | 10.83% | 18% |
| Northwest Territories | $48,009.00 | $9,215.62 | $38,793.38 | 12.02% | 19.2% |
| British Columbia | $48,009.00 | $9,231.18 | $38,777.82 | 12.05% | 19.23% |
| Yukon | $48,009.00 | $9,366.62 | $38,642.38 | 12.33% | 19.51% |
| Ontario | $48,009.00 | $9,687.94 | $38,321.06 | 13% | 20.18% |
| Alberta | $48,009.00 | $9,879.25 | $38,129.75 | 13.4% | 20.58% |
| Saskatchewan | $48,009.00 | $10,349.01 | $37,659.99 | 14.38% | 21.56% |
| New Brunswick | $48,009.00 | $10,574.23 | $37,434.77 | 14.85% | 22.03% |
| Manitoba | $48,009.00 | $10,739.19 | $37,269.81 | 15.19% | 22.37% |
| Newfoundland and Labrador | $48,009.00 | $10,826.77 | $37,182.23 | 15.38% | 22.55% |
| Quebec | $48,009.00 | $10,981.30 | $37,027.70 | 15.13% | 22.87% |
| Prince Edward Island | $48,009.00 | $11,194.37 | $36,814.63 | 16.14% | 23.32% |
| Nova Scotia | $48,009.00 | $11,775.05 | $36,233.95 | 17.35% | 24.53% |
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 in Prince Edward Island
Meridia Recruitment Solutions
-
50 Jobs
Multiple Locations
$85,000 - $100,000 / year
Full-time
14 days ago
McInnes Cooper
Charlottetown, PE
$40,000 - $55,000 / year
Contract
12 days ago
University of Prince Edward Island
Charlottetown, PE
$86,817 - $96,259 / year
Full-time
28 days ago