Summary
If you make $24,992 a year living in the region of Nova Scotia, Canada, you will be taxed $6,987. That means that your net pay will be $18,005 per year, or $1,500 per month. Your average tax rate is 28.0% and your marginal tax rate is 29.8%. 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 $29.80, hence, your net pay will only increase by $70.20.
Bonus Example
A $1,000 bonus will generate an extra $702 of net incomes. A $5,000 bonus will generate an extra $3,510 of net incomes.