Summary
If you make $159,998 a year living in the region of Alberta, Canada, you will be taxed $53,196. That means that your net pay will be $106,802 per year, or $8,900 per month. Your average tax rate is 33.3% and your marginal tax rate is 42.0%. 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 $41.95, hence, your net pay will only increase by $58.05.
Bonus Example
A $1,000 bonus will generate an extra $581 of net incomes. A $5,000 bonus will generate an extra $2,903 of net incomes.