Summary
If you make $111,048 a year living in the region of British Columbia, Canada, you will be taxed $32,286. That means that your net pay will be $78,762 per year, or $6,564 per month. Your average tax rate is 29.1% and your marginal tax rate is 38.3%. 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 $38.29, hence, your net pay will only increase by $61.71.
Bonus Example
A $1,000 bonus will generate an extra $617 of net incomes. A $5,000 bonus will generate an extra $3,086 of net incomes.