Summary
If you make $80,064 a year living in the region of Ontario, Canada, you will be taxed $23,243. That means that your net pay will be $56,821 per year, or $4,735 per month. Your average tax rate is 29.0% and your marginal tax rate is 31.5%. 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 $31.48, hence, your net pay will only increase by $68.52.
Bonus Example
A $1,000 bonus will generate an extra $685 of net incomes. A $5,000 bonus will generate an extra $3,426 of net incomes.