Summary
If you make $96,450 a year living in the region of Ontario, Canada, you will be taxed $28,640. That means that your net pay will be $67,810 per year, or $5,651 per month. Your average tax rate is 29.7% and your marginal tax rate is 37.9%. 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 $37.91, hence, your net pay will only increase by $62.09.
Bonus Example
A $1,000 bonus will generate an extra $621 of net incomes. A $5,000 bonus will generate an extra $3,105 of net incomes.