Summary
If you make $31,055 a year living in the region of British Columbia, Canada, you will be taxed $7,520. That means that your net pay will be $23,535 per year, or $1,961 per month. Your average tax rate is 24.2% 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.