Summary
If you make $34,917 a year living in the region of Prince Edward Island, Canada, you will be taxed $10,347. That means that your net pay will be $24,570 per year, or $2,048 per month. Your average tax rate is 29.6% and your marginal tax rate is 33.0%. 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 $32.97, hence, your net pay will only increase by $67.03.
Bonus Example
A $1,000 bonus will generate an extra $670 of net incomes. A $5,000 bonus will generate an extra $3,352 of net incomes.