Summary
If you make $98,000 a year living in the region of Northwest Territories, Canada, you will be taxed $28,113. That means that your net pay will be $69,887 per year, or $5,824 per month. Your average tax rate is 28.7% and your marginal tax rate is 32.7%. 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 $32.70, hence, your net pay will only increase by $67.30.
Bonus Example
A $1,000 bonus will generate an extra $673 of net incomes. A $5,000 bonus will generate an extra $3,365 of net incomes.