Summary
If you make $299,970 a year living in the region of Nova Scotia, Canada, you will be taxed $134,502. That means that your net pay will be $165,468 per year, or $13,789 per month. Your average tax rate is 44.8% and your marginal tax rate is 53.7%. 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 $53.74, hence, your net pay will only increase by $46.26.
Bonus Example
A $1,000 bonus will generate an extra $463 of net incomes. A $5,000 bonus will generate an extra $2,313 of net incomes.