Summary
If you make $47,940 a year living in the region of Nunavut, Canada, you will be taxed $11,619. That means that your net pay will be $36,321 per year, or $3,027 per month. Your average tax rate is 24.2% and your marginal tax rate is 26.2%. 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 $26.17, hence, your net pay will only increase by $73.83.
Bonus Example
A $1,000 bonus will generate an extra $738 of net incomes. A $5,000 bonus will generate an extra $3,692 of net incomes.