Summary
If you make $37,224 a year living in the region of Prince Edward Island, Canada, you will be taxed $11,136. That means that your net pay will be $26,088 per year, or $2,174 per month. Your average tax rate is 29.9% and your marginal tax rate is 34.3%. 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 $34.28, hence, your net pay will only increase by $65.72.
Bonus Example
A $1,000 bonus will generate an extra $657 of net incomes. A $5,000 bonus will generate an extra $3,286 of net incomes.