Summary
If you make $159,904 a year living in the region of Alberta, Canada, you will be taxed $53,158. That means that your net pay will be $106,746 per year, or $8,895 per month. Your average tax rate is 33.2% and your marginal tax rate is 39.7%. 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 $39.66, hence, your net pay will only increase by $60.34.
Bonus Example
A $1,000 bonus will generate an extra $603 of net incomes. A $5,000 bonus will generate an extra $3,017 of net incomes.