Summary
If you make $199,942 a year living in the region of Alberta, Canada, you will be taxed $69,972. That means that your net pay will be $129,970 per year, or $10,831 per month. Your average tax rate is 35.0% and your marginal tax rate is 43.7%. 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 $43.69, hence, your net pay will only increase by $56.31.
Bonus Example
A $1,000 bonus will generate an extra $563 of net incomes. A $5,000 bonus will generate an extra $2,816 of net incomes.