Summary
If you make $188,344 a year living in the region of British Columbia, Canada, you will be taxed $65,044. That means that your net pay will be $123,300 per year, or $10,275 per month. Your average tax rate is 34.5% and your marginal tax rate is 45.8%. 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 $45.80, hence, your net pay will only increase by $54.20.
Bonus Example
A $1,000 bonus will generate an extra $542 of net incomes. A $5,000 bonus will generate an extra $2,710 of net incomes.