Summary
If you make $34,973 a year living in the region of Prince Edward Island, Canada, you will be taxed $10,365. That means that your net pay will be $24,608 per year, or $2,051 per month. Your average tax rate is 29.6% and your marginal tax rate is 33.9%. 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 $33.85, hence, your net pay will only increase by $66.15.
Bonus Example
A $1,000 bonus will generate an extra $662 of net incomes. A $5,000 bonus will generate an extra $3,308 of net incomes.