Net salary calculator from annual gross income in British Columbia 2020

Salary frequencyGross income ($)Net income ($)
(once a year)
(//2 month)
(2 weeks)
% marginal taxAverage % of taxPayable taxNet income after tax

Tax Breakdown

Federal tax
Marginal tax rate CanadaTaxation in CanadaAdditional amount for BPA increased (already subtracted from payable taxes)
British Columbia tax
Marginal tax rate BCBritish Columbia tax

Employee (by an employer)

CPPEmployment Insurance benefits (EI)

Self-employed (sole proprietorship)

CPP (self-employed)Employment Insurance benefits (EI)

Total net income

After-tax income, annuities and insurance

Net income employeeNet income self-employed

Formula for calculating net salary in BC

Gross annual income – Taxes – CPP – EI = Net annual salary
Net annual salary / Weeks of work / year = Net weekly income
Net weekly income / Hours of work / week = Net hourly wage

Calculation example

Take, for example, a salaried worker who earns an annual gross salary of $ 45,000 for 40 hours a week and has worked 52 weeks during the year.

$45 000 – Taxes – Surtax – CPP – EI = $35 329.39 / year (net)
$35 329.39 / 52 weeks = $679.41 / week (net)
$679.41 / 40 hours = $16.99 / hour (net)

You simply need to the the same division for the gross income base on the annual gross salary (line 2 and 3).

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