Summary
If you make $24,990 a year living in the region of Ontario, Canada, you will be taxed $6,412. That means that your net pay will be $18,578 per year, or $1,548 per month. Your average tax rate is 25.7% and your marginal tax rate is 26.5%. 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 $26.47, hence, your net pay will only increase by $73.53.
Bonus Example
A $1,000 bonus will generate an extra $735 of net incomes. A $5,000 bonus will generate an extra $3,677 of net incomes.