Summary
If you make $299,997 a year living in the region of Northwest Territories, Canada, you will be taxed $115,423. That means that your net pay will be $184,574 per year, or $15,381 per month. Your average tax rate is 38.5% and your marginal tax rate is 47.0%. 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 $47.03, hence, your net pay will only increase by $52.97.
Bonus Example
A $1,000 bonus will generate an extra $530 of net incomes. A $5,000 bonus will generate an extra $2,649 of net incomes.