Summary
If you make $129,996 a year living in the region of Alberta, Canada, you will be taxed $41,663. That means that your net pay will be $88,333 per year, or $7,361 per month. Your average tax rate is 32.1% and your marginal tax rate is 37.7%. 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 $37.69, hence, your net pay will only increase by $62.31.
Bonus Example
A $1,000 bonus will generate an extra $623 of net incomes. A $5,000 bonus will generate an extra $3,116 of net incomes.