Summary
If you make $199,940 a year living in the region of Alberta, Canada, you will be taxed $69,971. That means that your net pay will be $129,969 per year, or $10,831 per month. Your average tax rate is 35.0% and your marginal tax rate is 43.6%. 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 $43.61, hence, your net pay will only increase by $56.39.
Bonus Example
A $1,000 bonus will generate an extra $564 of net incomes. A $5,000 bonus will generate an extra $2,820 of net incomes.