Summary
If you make $124,104 a year living in the region of British Columbia, Canada, you will be taxed $37,382. That means that your net pay will be $86,722 per year, or $7,227 per month. Your average tax rate is 30.1% and your marginal tax rate is 40.7%. 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 $40.67, hence, your net pay will only increase by $59.33.
Bonus Example
A $1,000 bonus will generate an extra $593 of net incomes. A $5,000 bonus will generate an extra $2,967 of net incomes.