Summary
If you make $19,942 a year living in the region of Ontario, Canada, you will be taxed $4,807. That means that your net pay will be $15,135 per year, or $1,261 per month. Your average tax rate is 24.1% and your marginal tax rate is 28.4%. 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 $28.40, hence, your net pay will only increase by $71.60.
Bonus Example
A $1,000 bonus will generate an extra $716 of net incomes. A $5,000 bonus will generate an extra $3,580 of net incomes.