Summary
If you make $34,952 a year living in the region of Prince Edward Island, Canada, you will be taxed $10,358. That means that your net pay will be $24,594 per year, or $2,049 per month. Your average tax rate is 29.6% and your marginal tax rate is 33.5%. 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 $33.51, hence, your net pay will only increase by $66.49.
Bonus Example
A $1,000 bonus will generate an extra $665 of net incomes. A $5,000 bonus will generate an extra $3,325 of net incomes.