Summary
If you make $157,222 a year living in the region of Northwest Territories, Canada, you will be taxed $50,873. That means that your net pay will be $106,349 per year, or $8,862 per month. Your average tax rate is 32.4% and your marginal tax rate is 41.4%. 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 $41.36, hence, your net pay will only increase by $58.64.
Bonus Example
A $1,000 bonus will generate an extra $586 of net incomes. A $5,000 bonus will generate an extra $2,932 of net incomes.