Summary
If you make $19,980 a year living in the region of Ontario, Canada, you will be taxed $4,816. That means that your net pay will be $15,164 per year, or $1,264 per month. Your average tax rate is 24.1% and your marginal tax rate is 30.7%. 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 $30.67, hence, your net pay will only increase by $69.33.
Bonus Example
A $1,000 bonus will generate an extra $693 of net incomes. A $5,000 bonus will generate an extra $3,467 of net incomes.