Summary
If you make $34,944 a year living in the region of Prince Edward Island, Canada, you will be taxed $10,356. That means that your net pay will be $24,588 per year, or $2,049 per month. Your average tax rate is 29.6% and your marginal tax rate is 33.4%. 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 $33.39, hence, your net pay will only increase by $66.61.
Bonus Example
A $1,000 bonus will generate an extra $666 of net incomes. A $5,000 bonus will generate an extra $3,331 of net incomes.