* Deductions are calculated based on the Ontario tables of Canada, 2016 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.
In Ontario, Canada, if you make 42 779,00 CAD a year, you will be taxed 8 931,54 CAD. That means that your take home pay will be 33 847,46 CAD per year, or 2 820,62 CAD per month. Your average tax rate is 20,88% and your marginal tax rate is 29,60%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100,00 CAD in your salary will be taxed 29,60 CAD, hence your net pay will only increase by 70,40 CAD.
A 1 000,00 CAD bonus will generate an extra 704,00 CAD of net revenues.
A 5 000,00 CAD bonus will generate an extra 3 520,00 CAD of net revenues.