Summary
If you make $89,992 a year living in the region of Ontario, Canada, you will be taxed $26,368. That means that your net pay will be $63,624 per year, or $5,302 per month. Your average tax rate is 29.3% and your marginal tax rate is 34.2%. 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 $34.16, hence, your net pay will only increase by $65.84.
Bonus Example
A $1,000 bonus will generate an extra $658 of net incomes. A $5,000 bonus will generate an extra $3,292 of net incomes.