Summary
If you make $123,838 a year living in the region of Nunavut, Canada, you will be taxed $35,125. That means that your net pay will be $88,713 per year, or $7,393 per month. Your average tax rate is 28.4% 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.