Summary
If you make $159,926 a year living in the region of Ontario, Canada, you will be taxed $56,263. That means that your net pay will be $103,663 per year, or $8,639 per month. Your average tax rate is 35.2% and your marginal tax rate is 46.7%. 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 $46.72, hence, your net pay will only increase by $53.28.
Bonus Example
A $1,000 bonus will generate an extra $533 of net incomes. A $5,000 bonus will generate an extra $2,664 of net incomes.