Summary
If you make $63,908 a year living in the region of Prince Edward Island, Canada, you will be taxed $21,013. That means that your net pay will be $42,896 per year, or $3,575 per month. Your average tax rate is 32.9% and your marginal tax rate is 39.2%. 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 $39.17, hence, your net pay will only increase by $60.83.
Bonus Example
A $1,000 bonus will generate an extra $608 of net incomes. A $5,000 bonus will generate an extra $3,042 of net incomes.