Summary
If you make $122,000 a year living in the region of Nunavut, Canada, you will be taxed $34,482. That means that your net pay will be $87,518 per year, or $7,293 per month. Your average tax rate is 28.3% 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.