Summary
If you make $98,432 a year living in the region of Nova Scotia, Canada, you will be taxed $34,230. That means that your net pay will be $64,202 per year, or $5,350 per month. Your average tax rate is 34.8% and your marginal tax rate is 38.0%. 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, hence, your net pay will only increase by $62.
Bonus Example
A $1,000 bonus will generate an extra $620 of net incomes. A $5,000 bonus will generate an extra $3,100 of net incomes.