Summary
If you make $29,913 a year living in the region of Prince Edward Island, Canada, you will be taxed $8,713. That means that your net pay will be $21,200 per year, or $1,767 per month. Your average tax rate is 29.1% and your marginal tax rate is 30.6%. 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 $30.59, hence, your net pay will only increase by $69.41.
Bonus Example
A $1,000 bonus will generate an extra $694 of net incomes. A $5,000 bonus will generate an extra $3,471 of net incomes.