Summary
If you make $34,892 a year living in the region of Prince Edward Island, Canada, you will be taxed $10,339. That means that your net pay will be $24,553 per year, or $2,046 per month. Your average tax rate is 29.6% 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.