Summary
If you make $62,500 a year living in the region of Nova Scotia, Canada, you will be taxed $20,721. That means that your net pay will be $41,779 per year, or $3,482 per month. Your average tax rate is 33.2% and your marginal tax rate is 41.5%. 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 $41.49, hence, your net pay will only increase by $58.51.
Bonus Example
A $1,000 bonus will generate an extra $585 of net incomes. A $5,000 bonus will generate an extra $2,926 of net incomes.