Summary
If you make $29,418 a year living in the region of New Brunswick, Canada, you will be taxed $8,453. That means that your net pay will be $20,965 per year, or $1,747 per month. Your average tax rate is 28.7% and your marginal tax rate is 29.9%. 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 $29.90, hence, your net pay will only increase by $70.10.
Bonus Example
A $1,000 bonus will generate an extra $701 of net incomes. A $5,000 bonus will generate an extra $3,505 of net incomes.