Summary
If you make $64,938 a year living in the region of Prince Edward Island, Canada, you will be taxed $21,416. That means that your net pay will be $43,522 per year, or $3,627 per month. Your average tax rate is 33.0% and your marginal tax rate is 38.4%. 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 $38.43, hence, your net pay will only increase by $61.57.
Bonus Example
A $1,000 bonus will generate an extra $616 of net incomes. A $5,000 bonus will generate an extra $3,079 of net incomes.