Summary
If you make $59,990 a year living in the region of Ontario, Canada, you will be taxed $16,870. That means that your net pay will be $43,120 per year, or $3,593 per month. Your average tax rate is 28.1% and your marginal tax rate is 34.3%. 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 $34.32, hence, your net pay will only increase by $65.68.
Bonus Example
A $1,000 bonus will generate an extra $657 of net incomes. A $5,000 bonus will generate an extra $3,284 of net incomes.