Summary
If you make $106,686 a year living in the region of Ontario, Canada, you will be taxed $32,874. That means that your net pay will be $73,812 per year, or $6,151 per month. Your average tax rate is 30.8% and your marginal tax rate is 43.2%. 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 $43.19, hence, your net pay will only increase by $56.81.
Bonus Example
A $1,000 bonus will generate an extra $568 of net incomes. A $5,000 bonus will generate an extra $2,841 of net incomes.