Summary
If you make $159,987 a year living in the region of Alberta, Canada, you will be taxed $53,191. That means that your net pay will be $106,796 per year, or $8,900 per month. Your average tax rate is 33.3% and your marginal tax rate is 41.7%. 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 $41.68, hence, your net pay will only increase by $58.32.
Bonus Example
A $1,000 bonus will generate an extra $583 of net incomes. A $5,000 bonus will generate an extra $2,916 of net incomes.