Summary
If you make $79,916 a year living in the region of Ontario, Canada, you will be taxed $23,197. That means that your net pay will be $56,719 per year, or $4,727 per month. Your average tax rate is 29.0% and your marginal tax rate is 30.7%. 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 $30.65, hence, your net pay will only increase by $69.35.
Bonus Example
A $1,000 bonus will generate an extra $694 of net incomes. A $5,000 bonus will generate an extra $3,468 of net incomes.