Summary
If you make $56,420 a year living in the region of Nunavut, Canada, you will be taxed $14,291. That means that your net pay will be $42,129 per year, or $3,511 per month. Your average tax rate is 25.3% and your marginal tax rate is 33.4%. 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 $33.40, hence, your net pay will only increase by $66.60.
Bonus Example
A $1,000 bonus will generate an extra $666 of net incomes. A $5,000 bonus will generate an extra $3,330 of net incomes.