Summary
If you make $24,931 a year living in the region of Ontario, Canada, you will be taxed $6,393. That means that your net pay will be $18,538 per year, or $1,545 per month. Your average tax rate is 25.6% and your marginal tax rate is 30.0%. 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 $30.01, hence, your net pay will only increase by $69.99.
Bonus Example
A $1,000 bonus will generate an extra $700 of net incomes. A $5,000 bonus will generate an extra $3,500 of net incomes.