Summary
If you make $98,500 a year living in the region of British Columbia, Canada, you will be taxed $27,605. That means that your net pay will be $70,895 per year, or $5,908 per month. Your average tax rate is 28.0% and your marginal tax rate is 31.4%. 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 $31.40, hence, your net pay will only increase by $68.60.
Bonus Example
A $1,000 bonus will generate an extra $686 of net incomes. A $5,000 bonus will generate an extra $3,430 of net incomes.