Summary
If you make $399,996 a year living in the region of Alberta, Canada, you will be taxed $163,877. That means that your net pay will be $236,119 per year, or $19,677 per month. Your average tax rate is 41.0% and your marginal tax rate is 48.0%. 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 $47.99, hence, your net pay will only increase by $52.01.
Bonus Example
A $1,000 bonus will generate an extra $520 of net incomes. A $5,000 bonus will generate an extra $2,601 of net incomes.