Summary
If you make $59,970 a year living in the region of Ontario, Canada, you will be taxed $16,863. That means that your net pay will be $43,107 per year, or $3,592 per month. Your average tax rate is 28.1% and your marginal tax rate is 34.6%. 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 $34.57, hence, your net pay will only increase by $65.43.
Bonus Example
A $1,000 bonus will generate an extra $654 of net incomes. A $5,000 bonus will generate an extra $3,272 of net incomes.