Summary
If you make $110,044 a year living in the region of Prince Edward Island, Canada, you will be taxed $38,959. That means that your net pay will be $71,085 per year, or $5,924 per month. Your average tax rate is 35.4% and your marginal tax rate is 44.4%. 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 $44.37, hence, your net pay will only increase by $55.63.
Bonus Example
A $1,000 bonus will generate an extra $556 of net incomes. A $5,000 bonus will generate an extra $2,782 of net incomes.