Summary
If you make $149,994 a year living in the region of Ontario, Canada, you will be taxed $51,667. That means that your net pay will be $98,327 per year, or $8,194 per month. Your average tax rate is 34.5% and your marginal tax rate is 46.1%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $46.10, hence, your net pay will only increase by $53.90.
Bonus Example
A $1,000 bonus will generate an extra $539 of net incomes. A $5,000 bonus will generate an extra $2,695 of net incomes.