Summary
If you make $19,960 a year living in the region of Ontario, Canada, you will be taxed $4,811. That means that your net pay will be $15,149 per year, or $1,262 per month. Your average tax rate is 24.1% and your marginal tax rate is 29.5%. 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 $29.47, hence, your net pay will only increase by $70.53.
Bonus Example
A $1,000 bonus will generate an extra $705 of net incomes. A $5,000 bonus will generate an extra $3,527 of net incomes.