Summary
If you make $199,920 a year living in the region of Alberta, Canada, you will be taxed $69,963. That means that your net pay will be $129,957 per year, or $10,830 per month. Your average tax rate is 35.0% and your marginal tax rate is 42.8%. 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 $42.81, hence, your net pay will only increase by $57.19.
Bonus Example
A $1,000 bonus will generate an extra $572 of net incomes. A $5,000 bonus will generate an extra $2,860 of net incomes.