Summary
If you make $29,997 a year living in the region of Nova Scotia, Canada, you will be taxed $8,480. That means that your net pay will be $21,517 per year, or $1,793 per month. Your average tax rate is 28.3% and your marginal tax rate is 35.3%. 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 $35.33, hence, your net pay will only increase by $64.67.
Bonus Example
A $1,000 bonus will generate an extra $647 of net incomes. A $5,000 bonus will generate an extra $3,234 of net incomes.