Summary
If you make $24,952 a year living in the region of Ontario, Canada, you will be taxed $6,400. That means that your net pay will be $18,552 per year, or $1,546 per month. Your average tax rate is 25.7% and your marginal tax rate is 28.8%. 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 $28.75, hence, your net pay will only increase by $71.25.
Bonus Example
A $1,000 bonus will generate an extra $713 of net incomes. A $5,000 bonus will generate an extra $3,563 of net incomes.