Summary
If you make $55,835 a year living in the region of British Columbia, Canada, you will be taxed $14,744. That means that your net pay will be $41,091 per year, or $3,424 per month. Your average tax rate is 26.4% and your marginal tax rate is 34.0%. 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 $34.02, hence, your net pay will only increase by $65.98.
Bonus Example
A $1,000 bonus will generate an extra $660 of net incomes. A $5,000 bonus will generate an extra $3,299 of net incomes.