Summary
If you make $118,421 a year living in the region of Quebec, Canada, you will be taxed $42,725. That means that your net pay will be $75,696 per year, or $6,308 per month. Your average tax rate is 36.1% and your marginal tax rate is 46.8%. 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 $46.77, hence, your net pay will only increase by $53.23.
Bonus Example
A $1,000 bonus will generate an extra $532 of net incomes. A $5,000 bonus will generate an extra $2,662 of net incomes.