Summary
If you make <b>$240,000</b> a year living in the region of <b>New Brunswick</b>, <b>Canada</b>, you will be taxed <b> $99,819</b>. That means that your net pay will be <b>$140,181</b> per year, or <b>$11,682</b> per month. Your average tax rate is <b>41.6%</b> and your marginal tax rate is <b>52.4%</b>. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of <b>$100</b> in your salary will be taxed <b>$52.43</b>, hence, your net pay will only increase by <b>$47.57</b>.
Bonus Example
A <b>$1,000</b> bonus will generate an extra <b>$476</b> of net incomes. A <b>$5,000</b> bonus will generate an extra <b>$2,379</b> of net incomes.