Credits & Deductions

Tax Deductions From Pay: Alberta 2018

Have you ever wondered just how much of your earnings are going to tax, and how much you are actually taking home? It is important to know how much you take home so that you can properly budget your money.

Here is how much you would have taken home in 2018 if you lived in Alberta, broken down for salaries of $30,000, $100,000 and $250,000.

Alberta, 2018

Salary: $30,000

Annual Deductions

Federal Tax deducted: $2,279

Provincial Tax deducted: $929

Total Tax Deducted: $3,208

CPP: $1,312

EI: $489

Total Deductions: $5,009

Net Annual Pay: $24,991

 

Gross Bi-Weekly Pay: $1,154

Net Bi-weekly Pay: $961

 

Salary: $100,000

Annual Deductions

Federal Tax Deducted: $15,842

Provincial Tax Deducted: $7,763

Total Tax Deducted: $23,605

CPP: $2,594

EI: $858

Total Deductions: $27,057

Net Annual Pay: $72,943

 

Gross Bi-Weekly Pay: $3,846

Net Bi-weekly Pay: $2,692

 

Salary: $250,000

Annual Deductions

Federal Tax Deducted: $59,773

Provincial Tax Deducted: $26,612

Total Tax Deducted: $86,386

CPP: $2,594

EI: $858

Total Deductions: $89,838

Net Annual Pay: $160,162

 

Gross Bi-Weekly Pay: $9,615

Net Bi-weekly Pay: $5,667