Summary
If you make $129,966 a year living in the region of Alberta, Canada, you will be taxed $41,652. That means that your net pay will be $88,314 per year, or $7,359 per month. Your average tax rate is 32.1% and your marginal tax rate is 37.2%. 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 $37.16, hence, your net pay will only increase by $62.84.
Bonus Example
A $1,000 bonus will generate an extra $628 of net incomes. A $5,000 bonus will generate an extra $3,142 of net incomes.