Summary
If you make $388,233 a year living in the region of Alberta, Canada, you will be taxed $158,249. That means that your net pay will be $229,984 per year, or $19,165 per month. Your average tax rate is 40.8% and your marginal tax rate is 47.9%. 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 $47.85, hence, your net pay will only increase by $52.15.
Bonus Example
A $1,000 bonus will generate an extra $522 of net incomes. A $5,000 bonus will generate an extra $2,608 of net incomes.