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Basic Canadian Income Tax Calculator - Information

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Calculators > Basic Canadian income tax calculator

Basic Canadian Income Tax Calculator for 2016, 2015 and Earlier Years

Click the above link to open the calculator in a new window.

Note:  best viewed in Chrome or Firefox.  If using IE, use compatibility view for the calculators to work properly.

The Basic Canadian Income Tax Calculator (select above) works for all provinces and territories, for 2016 and earlier years.

You input the amount of income from

bullet employment and other income
bullet capital gains
bullet Canadian eligible dividends and
bullet Canadian non-eligible dividends

What will it show you?

bullet shows marginal tax rates for the year selected, for
bullet capital gains
bullet eligible Canadian dividends
bullet non-eligible Canadian dividends
bullet other income
bullet displays a table of taxes payable for the current and past 5 years, for all provinces and territories

What is included in the calculations?
bullet combined federal and provincial/territorial taxes for a single person
bullet surtaxes where applicable
bullet Federal tax abatement for Québec (16.5% reduction of federal tax)
bullet deductions cannot be entered in this calculator
bullet tax credits calculated:
bullet basic personal amount
bullet dividend tax credits for both eligible and non-eligible Canadian dividends
bullet no other tax credits are calculated
bullet does NOT include:
bullet alternative minimum tax
bullet CPP and EI premiums
bullet low income tax credits
bullet Ontario health premium

To see tax rate tables for each province, go to the Tax Rates page.

If you would like a more detailed calculator which will calculate most available tax credits, and will show you how much you can save by making an RRSP contribution, see our more detailed Canadian Tax Calculator, and Quebec Tax Calculator.

Check out our other calculators.

Feel free to link to the Calculators page at www.TaxTips.ca/calculators.htm from your website.

 

Revised: November 26, 2015

 

 

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