If you make $200,000 a year living in the region of Ontario, Canada, you will be taxed $72,843. That means that your net pay will be $127,157 per year, or $10,596 per month. Your average tax rate is 36.4% and your marginal tax rate is 52.8%. 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 $52.80, hence, your net pay will only increase by $47.20.
A $1,000 bonus will generate an extra $472 of net incomes. A $5,000 bonus will generate an extra $2,360 of net incomes.