Summary
If you make $40,400 a year living in the region of Nunavut, Canada, you will be taxed $9,704. That means that your net pay will be $30,696 per year, or $2,558 per month. Your average tax rate is 24.0% and your marginal tax rate is 24.9%. 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 $24.89, hence, your net pay will only increase by $75.11.
Bonus Example
A $1,000 bonus will generate an extra $751 of net incomes. A $5,000 bonus will generate an extra $3,756 of net incomes.