Summary
If you make $199,961 a year living in the region of Northwest Territories, Canada, you will be taxed $69,225. That means that your net pay will be $130,736 per year, or $10,895 per month. Your average tax rate is 34.6% and your marginal tax rate is 45.0%. 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 $44.96, hence, your net pay will only increase by $55.04.
Bonus Example
A $1,000 bonus will generate an extra $550 of net incomes. A $5,000 bonus will generate an extra $2,752 of net incomes.