Summary
If you make $241,005 a year living in the region of Alberta, Canada, you will be taxed $88,872. That means that your net pay will be $152,133 per year, or $12,678 per month. Your average tax rate is 36.9% and your marginal tax rate is 46.0%. 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 $46.03, hence, your net pay will only increase by $53.97.
Bonus Example
A $1,000 bonus will generate an extra $540 of net incomes. A $5,000 bonus will generate an extra $2,699 of net incomes.