Summary
If you make $85,500 a year living in the region of Nova Scotia, Canada, you will be taxed $29,379. That means that your net pay will be $56,121 per year, or $4,677 per month. Your average tax rate is 34.4% and your marginal tax rate is 37.2%. 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 $37.17, hence, your net pay will only increase by $62.83.
Bonus Example
A $1,000 bonus will generate an extra $628 of net incomes. A $5,000 bonus will generate an extra $3,142 of net incomes.