Summary
If you make $120,744 a year living in the region of Yukon, Canada, you will be taxed $36,284. That means that your net pay will be $84,460 per year, or $7,038 per month. Your average tax rate is 30.1% 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.