Summary
If you make $49,980 a year living in the region of Nova Scotia, Canada, you will be taxed $15,574. That means that your net pay will be $34,406 per year, or $2,867 per month. Your average tax rate is 31.2% and your marginal tax rate is 39.7%. 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 $39.72, hence, your net pay will only increase by $60.28.
Bonus Example
A $1,000 bonus will generate an extra $603 of net incomes. A $5,000 bonus will generate an extra $3,014 of net incomes.