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2024 Alberta Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $242,000.20
Salary $242,000.20
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $81,830.45
Federal Tax $52,596.55
Provincial Tax $24,129.28
CPP Contributions $4,055.50
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $1,049.12
Net Pay $160,169.75
Marginal Tax Rate 43%
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
$242,000.20 a year is how much per hour?
What is the minimum wage in Alberta in 2024?
Monthly Salary
Total Income $20,166.68
Salary $20,166.68
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $6,819.20
Federal Tax $4,383.05
Provincial Tax $2,010.77
CPP Contributions $337.96
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $87.43
Net Pay $13,347.48
Marginal Tax Rate 43%
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
$20,166.68 a month is how much per year?
What is the minimum wage in Alberta in 2024?
Biweekly Salary
Total Income $9,307.70
Salary $9,307.70
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $3,147.33
Federal Tax $2,022.94
Provincial Tax $928.05
CPP Contributions $155.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $40.35
Net Pay $6,160.38
Marginal Tax Rate 43%
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
$9,307.70 per two weeks is how much per year?
What is the minimum wage in Alberta in 2024?
Weekly Salary
Total Income $4,653.85
Salary $4,653.85
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $1,573.66
Federal Tax $1,011.47
Provincial Tax $464.02
CPP Contributions $77.99
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $20.18
Net Pay $3,080.19
Marginal Tax Rate 43%
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
$4,653.85 a week is how much per year?
What is the minimum wage in Alberta in 2024?
Daily Salary
Total Income $930.77
Salary $930.77
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $314.73
Federal Tax $202.29
Provincial Tax $92.80
CPP Contributions $15.60
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $4.04
Net Pay $616.04
Marginal Tax Rate 43%
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
$930.77 a day is how much per year?
What is the minimum wage in Alberta in 2024?
Hourly Salary
Total Income $124.10
Salary $124.10
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $41.96
Federal Tax $26.97
Provincial Tax $12.37
CPP Contributions $2.08
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.54
Net Pay $82.14
Marginal Tax Rate 43%
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
$124.10 an hour is how much per year?
What is the minimum wage in Alberta in 2024?

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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 $242,000.20
Total Deductions $76,543.41
Net Pay $165,456.79
Average Tax Rate 29.52%
Comprehensive Deduction Rate 31.63%
Total Income $242,000.20
Total Deductions $80,429.41
Net Pay $161,570.79
Average Tax Rate 31.13%
Comprehensive Deduction Rate 33.24%
Total Income $242,000.20
Total Deductions $81,830.45
Net Pay $160,169.75
Average Tax Rate 31.7%
Comprehensive Deduction Rate 33.81%
Total Income $242,000.20
Total Deductions $82,361.49
Net Pay $159,638.71
Average Tax Rate 31.92%
Comprehensive Deduction Rate 34.03%
Total Income $242,000.20
Total Deductions $84,547.35
Net Pay $157,452.85
Average Tax Rate 32.83%
Comprehensive Deduction Rate 34.94%
Total Income $242,000.20
Total Deductions $86,366.12
Net Pay $155,634.08
Average Tax Rate 33.58%
Comprehensive Deduction Rate 35.69%
Total Income $242,000.20
Total Deductions $90,997.49
Net Pay $151,002.71
Average Tax Rate 35.49%
Comprehensive Deduction Rate 37.6%
Total Income $242,000.20
Total Deductions $92,057.09
Net Pay $149,943.11
Average Tax Rate 35.93%
Comprehensive Deduction Rate 38.04%
Total Income $242,000.20
Total Deductions $92,472.53
Net Pay $149,527.67
Average Tax Rate 36.1%
Comprehensive Deduction Rate 38.21%
Total Income $242,000.20
Total Deductions $93,256.67
Net Pay $148,743.53
Average Tax Rate 36.43%
Comprehensive Deduction Rate 38.54%
Total Income $242,000.20
Total Deductions $95,607.86
Net Pay $146,392.34
Average Tax Rate 37.4%
Comprehensive Deduction Rate 39.51%
Total Income $242,000.20
Total Deductions $98,521.35
Net Pay $143,478.85
Average Tax Rate 38.6%
Comprehensive Deduction Rate 40.71%
Total Income $242,000.20
Total Deductions $98,822.01
Net Pay $143,178.19
Average Tax Rate 38.5%
Comprehensive Deduction Rate 40.84%
Region Total Income Total Deductions Net Pay Avg. Tax Rate Comp. Deduction Rate
Nunavut $242,000.20 $76,543.41 $165,456.79 29.52% 31.63%
Yukon $242,000.20 $80,429.41 $161,570.79 31.13% 33.24%
Alberta $242,000.20 $81,830.45 $160,169.75 31.7% 33.81%
Northwest Territories $242,000.20 $82,361.49 $159,638.71 31.92% 34.03%
British Columbia $242,000.20 $84,547.35 $157,452.85 32.83% 34.94%
Saskatchewan $242,000.20 $86,366.12 $155,634.08 33.58% 35.69%
Ontario $242,000.20 $90,997.49 $151,002.71 35.49% 37.6%
Manitoba $242,000.20 $92,057.09 $149,943.11 35.93% 38.04%
New Brunswick $242,000.20 $92,472.53 $149,527.67 36.1% 38.21%
Newfoundland and Labrador $242,000.20 $93,256.67 $148,743.53 36.43% 38.54%
Prince Edward Island $242,000.20 $95,607.86 $146,392.34 37.4% 39.51%
Nova Scotia $242,000.20 $98,521.35 $143,478.85 38.6% 40.71%
Quebec $242,000.20 $98,822.01 $143,178.19 38.5% 40.84%
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.