If you make $160,000 a year living in the region of Ontario, Canada, you will be taxed $56,297. That means that your net pay will be $103,703 per year, or $8,642 per month. Your average tax rate is 35.2% and your marginal tax rate is 48.0%. 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 $47.97, hence, your net pay will only increase by $52.03.
A $1,000 bonus will generate an extra $520 of net incomes. A $5,000 bonus will generate an extra $2,602 of net incomes.