Summary
If you make $29,012 a year living in the region of British Columbia, Canada, you will be taxed $6,919. That means that your net pay will be $22,093 per year, or $1,841 per month. Your average tax rate is 23.9% and your marginal tax rate is 29.4%. 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 $29.44, hence, your net pay will only increase by $70.56.
Bonus Example
A $1,000 bonus will generate an extra $706 of net incomes. A $5,000 bonus will generate an extra $3,528 of net incomes.