Summary
If you make <b>$120,000</b> a year living in the region of <b>Quebec</b>, <b>Canada</b>, you will be taxed <b> $43,463</b>. That means that your net pay will be <b>$76,537</b> per year, or <b>$6,378</b> per month. Your average tax rate is <b>36.2%</b> and your marginal tax rate is <b>47.5%</b>. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of <b>$100</b> in your salary will be taxed <b>$47.46</b>, hence, your net pay will only increase by <b>$52.54</b>.
Bonus Example
A <b>$1,000</b> bonus will generate an extra <b>$525</b> of net incomes. A <b>$5,000</b> bonus will generate an extra <b>$2,627</b> of net incomes.