Summary
If you make $29,918 a year living in the region of Prince Edward Island, Canada, you will be taxed $8,714. That means that your net pay will be $21,204 per year, or $1,767 per month. Your average tax rate is 29.1% 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 $30.72, hence, your net pay will only increase by $69.28.
Bonus Example
A $1,000 bonus will generate an extra $693 of net incomes. A $5,000 bonus will generate an extra $3,464 of net incomes.