Summary
If you make $199,968 a year living in the region of British Columbia, Canada, you will be taxed $70,368. That means that your net pay will be $129,600 per year, or $10,800 per month. Your average tax rate is 35.2% and your marginal tax rate is 49.8%. 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 $49.77, hence, your net pay will only increase by $50.23.
Bonus Example
A $1,000 bonus will generate an extra $502 of net incomes. A $5,000 bonus will generate an extra $2,512 of net incomes.