Summary
If you make $240,526 a year living in the region of Northwest Territories, Canada, you will be taxed $87,958. That means that your net pay will be $152,568 per year, or $12,714 per month. Your average tax rate is 36.6% and your marginal tax rate is 46.2%. 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 $46.18, hence, your net pay will only increase by $53.82.
Bonus Example
A $1,000 bonus will generate an extra $538 of net incomes. A $5,000 bonus will generate an extra $2,691 of net incomes.