Summary
If you make $29,970 a year living in the region of Nova Scotia, Canada, you will be taxed $8,472. That means that your net pay will be $21,498 per year, or $1,791 per month. Your average tax rate is 28.3% and your marginal tax rate is 33.8%. 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 $33.80, hence, your net pay will only increase by $66.20.
Bonus Example
A $1,000 bonus will generate an extra $662 of net incomes. A $5,000 bonus will generate an extra $3,310 of net incomes.