Summary
If you make $159,921 a year living in the region of Alberta, Canada, you will be taxed $53,165. That means that your net pay will be $106,756 per year, or $8,896 per month. Your average tax rate is 33.2% and your marginal tax rate is 40.1%. 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 $40.07, hence, your net pay will only increase by $59.93.
Bonus Example
A $1,000 bonus will generate an extra $599 of net incomes. A $5,000 bonus will generate an extra $2,997 of net incomes.