Summary
If you make $299,974 a year living in the region of Nova Scotia, Canada, you will be taxed $134,504. That means that your net pay will be $165,470 per year, or $13,789 per month. Your average tax rate is 44.8% and your marginal tax rate is 53.8%. 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 $53.77, hence, your net pay will only increase by $46.23.
Bonus Example
A $1,000 bonus will generate an extra $462 of net incomes. A $5,000 bonus will generate an extra $2,312 of net incomes.