Summary
If you make $58,920 a year living in the region of Nova Scotia, Canada, you will be taxed $19,238. That means that your net pay will be $39,682 per year, or $3,307 per month. Your average tax rate is 32.7% and your marginal tax rate is 41.3%. 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 $41.27, hence, your net pay will only increase by $58.73.
Bonus Example
A $1,000 bonus will generate an extra $587 of net incomes. A $5,000 bonus will generate an extra $2,937 of net incomes.