Summary
If you make $69,971 a year living in the region of Ontario, Canada, you will be taxed $20,057. That means that your net pay will be $49,914 per year, or $4,159 per month. Your average tax rate is 28.7% and your marginal tax rate is 31.8%. 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 $31.78, hence, your net pay will only increase by $68.22.
Bonus Example
A $1,000 bonus will generate an extra $682 of net incomes. A $5,000 bonus will generate an extra $3,411 of net incomes.