Summary
If you make $49,998 a year living in the region of Alberta, Canada, you will be taxed $14,887. That means that your net pay will be $35,111 per year, or $2,926 per month. Your average tax rate is 29.8% and your marginal tax rate is 35.6%. 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 $35.64, hence, your net pay will only increase by $64.36.
Bonus Example
A $1,000 bonus will generate an extra $644 of net incomes. A $5,000 bonus will generate an extra $3,218 of net incomes.