Summary
If you make $120,767,556 a year living in the region of Ontario, Canada, you will be taxed $64,613,786. That means that your net pay will be $56,153,770 per year, or $4,679,481 per month. Your average tax rate is 53.5% and your marginal tax rate is 53.5%. 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 $53.53, hence, your net pay will only increase by $46.47.
Bonus Example
A $1,000 bonus will generate an extra $465 of net incomes. A $5,000 bonus will generate an extra $2,324 of net incomes.