Summary
If you make $40,000 a year living in the region of New Brunswick, Canada, you will be taxed $11,618. That means that your net pay will be $28,382 per year, or $2,365 per month. Your average tax rate is 29.0% and your marginal tax rate is 30.0%. 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 $30.02, hence, your net pay will only increase by $69.98.
Bonus Example
A $1,000 bonus will generate an extra $700 of net incomes. A $5,000 bonus will generate an extra $3,499 of net incomes.