Summary
If you make $34,903 a year living in the region of Ontario, Canada, you will be taxed $8,977. That means that your net pay will be $25,926 per year, or $2,161 per month. Your average tax rate is 25.7% and your marginal tax rate is 26.0%. 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 $25.96, hence, your net pay will only increase by $74.04.
Bonus Example
A $1,000 bonus will generate an extra $740 of net incomes. A $5,000 bonus will generate an extra $3,702 of net incomes.