Summary
If you make $159,947 a year living in the region of Nova Scotia, Canada, you will be taxed $61,361. That means that your net pay will be $98,586 per year, or $8,216 per month. Your average tax rate is 38.4% and your marginal tax rate is 49.1%. 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 $49.10, hence, your net pay will only increase by $50.90.
Bonus Example
A $1,000 bonus will generate an extra $509 of net incomes. A $5,000 bonus will generate an extra $2,545 of net incomes.