Summary
If you make $120,969 a year living in the region of Northwest Territories, Canada, you will be taxed $36,756. That means that your net pay will be $84,213 per year, or $7,018 per month. Your average tax rate is 30.4% and your marginal tax rate is 38.2%. 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 $38.20, hence, your net pay will only increase by $61.80.
Bonus Example
A $1,000 bonus will generate an extra $618 of net incomes. A $5,000 bonus will generate an extra $3,090 of net incomes.