Summary
If you make $159,933 a year living in the region of Nova Scotia, Canada, you will be taxed $61,354. That means that your net pay will be $98,579 per year, or $8,215 per month. Your average tax rate is 38.4% and your marginal tax rate is 48.9%. 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 $48.87, hence, your net pay will only increase by $51.13.
Bonus Example
A $1,000 bonus will generate an extra $511 of net incomes. A $5,000 bonus will generate an extra $2,557 of net incomes.