Summary
If you make $20,224 a year living in the region of Nova Scotia, Canada, you will be taxed $5,588. That means that your net pay will be $14,636 per year, or $1,220 per month. Your average tax rate is 27.6% and your marginal tax rate is 29.3%. 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 $29.34, hence, your net pay will only increase by $70.66.
Bonus Example
A $1,000 bonus will generate an extra $707 of net incomes. A $5,000 bonus will generate an extra $3,533 of net incomes.