Summary
If you make $50,065 a year living in the region of Nova Scotia, Canada, you will be taxed $15,607. That means that your net pay will be $34,458 per year, or $2,871 per month. Your average tax rate is 31.2% and your marginal tax rate is 40.8%. 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 $40.77, hence, your net pay will only increase by $59.23.
Bonus Example
A $1,000 bonus will generate an extra $592 of net incomes. A $5,000 bonus will generate an extra $2,962 of net incomes.