Summary
If you make $24,960 a year living in the region of Nova Scotia, Canada, you will be taxed $6,978. That means that your net pay will be $17,982 per year, or $1,499 per month. Your average tax rate is 28.0% and your marginal tax rate is 29.6%. 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 $29.64, hence, your net pay will only increase by $70.36.
Bonus Example
A $1,000 bonus will generate an extra $704 of net incomes. A $5,000 bonus will generate an extra $3,518 of net incomes.