Summary
If you make $159,999 a year living in the region of Nova Scotia, Canada, you will be taxed $61,386. That means that your net pay will be $98,613 per year, or $8,218 per month. Your average tax rate is 38.4% and your marginal tax rate is 50.0%. 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 $49.98, hence, your net pay will only increase by $50.02.
Bonus Example
A $1,000 bonus will generate an extra $500 of net incomes. A $5,000 bonus will generate an extra $2,501 of net incomes.