Summary
If you make $120,969 a year living in the region of Quebec, Canada, you will be taxed $43,923. That means that your net pay will be $77,046 per year, or $6,420 per month. Your average tax rate is 36.3% and your marginal tax rate is 47.5%. 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 $47.46, hence, your net pay will only increase by $52.54.
Bonus Example
A $1,000 bonus will generate an extra $525 of net incomes. A $5,000 bonus will generate an extra $2,627 of net incomes.