Summary
If you make $74,984 a year living in the region of Ontario, Canada, you will be taxed $21,693. That means that your net pay will be $53,291 per year, or $4,441 per month. Your average tax rate is 28.9% and your marginal tax rate is 30.8%. 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 $30.83, hence, your net pay will only increase by $69.17.
Bonus Example
A $1,000 bonus will generate an extra $692 of net incomes. A $5,000 bonus will generate an extra $3,459 of net incomes.