Summary
If you make $118,649 a year living in the region of Yukon, Canada, you will be taxed $35,511. That means that your net pay will be $83,138 per year, or $6,928 per month. Your average tax rate is 29.9% and your marginal tax rate is 36.9%. 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 $36.90, hence, your net pay will only increase by $63.10.
Bonus Example
A $1,000 bonus will generate an extra $631 of net incomes. A $5,000 bonus will generate an extra $3,155 of net incomes.