Summary
If you make $155,585 a year living in the region of Nova Scotia, Canada, you will be taxed $59,253. That means that your net pay will be $96,332 per year, or $8,028 per month. Your average tax rate is 38.1% and your marginal tax rate is 48.3%. 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 $48.31, hence, your net pay will only increase by $51.69.
Bonus Example
A $1,000 bonus will generate an extra $517 of net incomes. A $5,000 bonus will generate an extra $2,585 of net incomes.