Summary
If you make $44,960 a year living in the region of Ontario, Canada, you will be taxed $11,729. That means that your net pay will be $33,231 per year, or $2,769 per month. Your average tax rate is 26.1% 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 $29.53, hence, your net pay will only increase by $70.47.
Bonus Example
A $1,000 bonus will generate an extra $705 of net incomes. A $5,000 bonus will generate an extra $3,524 of net incomes.