Summary
If you make $31,537 a year living in the region of Prince Edward Island, Canada, you will be taxed $9,242. That means that your net pay will be $22,295 per year, or $1,858 per month. Your average tax rate is 29.3% and your marginal tax rate is 32.7%. 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 $32.69, hence, your net pay will only increase by $67.31.
Bonus Example
A $1,000 bonus will generate an extra $673 of net incomes. A $5,000 bonus will generate an extra $3,366 of net incomes.