Summary
If you make $99,997 a year living in the region of Ontario, Canada, you will be taxed $29,985. That means that your net pay will be $70,012 per year, or $5,834 per month. Your average tax rate is 30.0% and your marginal tax rate is 43.0%. 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 $43.04, hence, your net pay will only increase by $56.96.
Bonus Example
A $1,000 bonus will generate an extra $570 of net incomes. A $5,000 bonus will generate an extra $2,848 of net incomes.