Summary
If you make $49,955 a year living in the region of Nova Scotia, Canada, you will be taxed $15,565. That means that your net pay will be $34,390 per year, or $2,866 per month. Your average tax rate is 31.2% and your marginal tax rate is 38.4%. 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 $38.40, hence, your net pay will only increase by $61.60.
Bonus Example
A $1,000 bonus will generate an extra $616 of net incomes. A $5,000 bonus will generate an extra $3,080 of net incomes.