Summary
If you make $24,942 a year living in the region of British Columbia, Canada, you will be taxed $5,722. That means that your net pay will be $19,220 per year, or $1,602 per month. Your average tax rate is 22.9% and your marginal tax rate is 28.7%. 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 $28.66, hence, your net pay will only increase by $71.34.
Bonus Example
A $1,000 bonus will generate an extra $713 of net incomes. A $5,000 bonus will generate an extra $3,567 of net incomes.