Summary
If you make $495,300 a year living in the region of Nova Scotia, Canada, you will be taxed $239,980. That means that your net pay will be $255,320 per year, or $21,277 per month. Your average tax rate is 48.5% and your marginal tax rate is 54.0%. 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 $54, hence, your net pay will only increase by $46.
Bonus Example
A $1,000 bonus will generate an extra $460 of net incomes. A $5,000 bonus will generate an extra $2,300 of net incomes.