Summary
If you make $129,974 a year living in the region of Alberta, Canada, you will be taxed $41,655. That means that your net pay will be $88,319 per year, or $7,360 per month. Your average tax rate is 32.1% and your marginal tax rate is 37.3%. 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 $37.30, hence, your net pay will only increase by $62.70.
Bonus Example
A $1,000 bonus will generate an extra $627 of net incomes. A $5,000 bonus will generate an extra $3,135 of net incomes.