Summary
If you make $159,995 a year living in the region of Alberta, Canada, you will be taxed $53,194. That means that your net pay will be $106,801 per year, or $8,900 per month. Your average tax rate is 33.3% and your marginal tax rate is 41.9%. 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 $41.88, hence, your net pay will only increase by $58.12.
Bonus Example
A $1,000 bonus will generate an extra $581 of net incomes. A $5,000 bonus will generate an extra $2,906 of net incomes.