Summary
If you make $199,942 a year living in the region of British Columbia, Canada, you will be taxed $70,356. That means that your net pay will be $129,586 per year, or $10,799 per month. Your average tax rate is 35.2% and your marginal tax rate is 48.2%. 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 $48.24, hence, your net pay will only increase by $51.76.
Bonus Example
A $1,000 bonus will generate an extra $518 of net incomes. A $5,000 bonus will generate an extra $2,588 of net incomes.