Summary
If you make $118,950 a year living in the region of Nunavut, Canada, you will be taxed $33,414. That means that your net pay will be $85,536 per year, or $7,128 per month. Your average tax rate is 28.1% and your marginal tax rate is 35.0%. 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 $35, hence, your net pay will only increase by $65.
Bonus Example
A $1,000 bonus will generate an extra $650 of net incomes. A $5,000 bonus will generate an extra $3,250 of net incomes.