Summary
If you make $39,910 a year living in the region of Ontario, Canada, you will be taxed $10,420. That means that your net pay will be $29,490 per year, or $2,458 per month. Your average tax rate is 26.1% and your marginal tax rate is 28.6%. 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 $28.57, hence, your net pay will only increase by $71.43.
Bonus Example
A $1,000 bonus will generate an extra $714 of net incomes. A $5,000 bonus will generate an extra $3,572 of net incomes.