Summary
If you make $299,936 a year living in the region of Ontario, Canada, you will be taxed $127,951. That means that your net pay will be $171,985 per year, or $14,332 per month. Your average tax rate is 42.7% and your marginal tax rate is 52.9%. 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 $52.87, hence, your net pay will only increase by $47.13.
Bonus Example
A $1,000 bonus will generate an extra $471 of net incomes. A $5,000 bonus will generate an extra $2,357 of net incomes.