Summary
If you make $59,167 a year living in the region of Prince Edward Island, Canada, you will be taxed $19,150. That means that your net pay will be $40,017 per year, or $3,335 per month. Your average tax rate is 32.4% and your marginal tax rate is 39.8%. 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 $39.77, hence, your net pay will only increase by $60.23.
Bonus Example
A $1,000 bonus will generate an extra $602 of net incomes. A $5,000 bonus will generate an extra $3,012 of net incomes.