Summary
If you make $24,750 a year living in the region of Prince Edward Island, Canada, you will be taxed $7,150. That means that your net pay will be $17,600 per year, or $1,467 per month. Your average tax rate is 28.9% and your marginal tax rate is 30.3%. 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 $30.28, hence, your net pay will only increase by $69.72.
Bonus Example
A $1,000 bonus will generate an extra $697 of net incomes. A $5,000 bonus will generate an extra $3,486 of net incomes.