Summary
If you make $20,500 a year living in the region of Northwest Territories, Canada, you will be taxed $5,114. That means that your net pay will be $15,386 per year, or $1,282 per month. Your average tax rate is 25.0% and your marginal tax rate is 26.7%. 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 $26.66, hence, your net pay will only increase by $73.34.
Bonus Example
A $1,000 bonus will generate an extra $733 of net incomes. A $5,000 bonus will generate an extra $3,667 of net incomes.