Summary
If you make $59,959 a year living in the region of Prince Edward Island, Canada, you will be taxed $19,465. That means that your net pay will be $40,494 per year, or $3,374 per month. Your average tax rate is 32.5% and your marginal tax rate is 39.4%. 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 $39.42, hence, your net pay will only increase by $60.58.
Bonus Example
A $1,000 bonus will generate an extra $606 of net incomes. A $5,000 bonus will generate an extra $3,029 of net incomes.