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Before making a major financial decision you
should consult a qualified professional.
The 2016/2017 Calculator will retain all of your data
data, on your computer, depending on your browser settings.
If you are on a public computer, click
reset to clear the data before you close the browser.
you want the information to be retained, ensure that your browser is set
Internet Explorer ( IE) - Tools, Internet Options, Privacy, Advanced
- make sure that "always allow
session cookies" is checked.
Chrome - Settings, Advanced Settings,
Privacy, Content settings, Allow local data to be set.
Firefox - Tools, Options, Privacy - under History where it says
"Firefox will:", change to "Use custom settings for
history". Then make sure that "Accept cookies from
sites" is checked. Accept third-party cookies - this
setting doesn't matter. Keep until - this should be set to
"they expire" or "ask me every time".
The tax calculator includes most available deductions and tax credits, and pension
splitting. It will be especially
useful as a tax planning tool for those who have some control over their income,
people making RRIF/RRSP withdrawals
incorporated business owners
investors trying to decide between investments
which produce capital gains, Canadian dividends, or other investment
If you hover over many of the fields in the calculator, you
will see information regarding that particular field.
The calculator includes links to information on some of the
non-refundable tax credits. The links open in the same window,
replacing the calculator, but when the browser Back button is clicked, the
previously entered information is still available in the calculator.
To open the links in a new window, right-click on the link, and
select "Open in New Window".
other income, including EI special benefits, interest, foreign
dividends, some pensions, rental income, etc.
Pension income - regular and qualified
workers' compensation benefits
social assistance payments
net federal supplements (box 21 on the T4A (OAS) slip
calculates Federal alternative
minimum tax (AMT) using available information, but does not
calculate Quebec AMT. The AMT calculation is only useful as it
relates to capital gains and Canadian dividends.
can show marginal
tax rate if $100 RRSP deduction amount is entered in the
RRSP deduction field - for this purpose, put your actual RRSP deduction
in the RRSP deduction field - the RRSP savings will be incorrect, but
the RRSP tax savings % will be your marginal tax rate.
calculates CPP and EI
premiums on employment and self-employment (CPP only) income
donations tax credit
- will alert you if all of your donations are not utilized, or if your donations exceed 75% of net income.
The 75% limit doesn't apply for the Quebec donations tax credit
starting in 2016.
income tax benefit (WITB) - Note:you are required to indicate in the calculator if you are eligible
for the WITB. If you indicate that you qualify, the
calculator will determine the amount you will receive, if any,
based on your income. Read the article on the WITB (above
link) to determine if you qualify.
The article on the pension income
tax credit explains how pension splitting can result in a pension tax
credit for the spouse receiving the transferred pension.
104 Other Employment Income
This income should be included with Line 101 employment
income in the calculator. However, do not include it in the insurable or
pensionable income amounts below the employment income line.
If you want to compare different scenarios, come back to this
page to open the calculator a second time (right click the link, and select open
in new window), and compare them side by side.
To see the current tax rate tables for each province, go to the Tax
Rates page and click on the link for your province, or go to the marginal
tax rates page.
FAQ re the Tax Calculators:
Is the "tax savings re RRSPs" the amount of the income tax refund
I would get?
The "tax savings re RRSPs" is the amount your income taxes
will be reduced for that amount of RRSP contribution (make sure the
exceed your RRSP
deduction limit - this is not checked by the calculator). Compare the total income taxes result from the
calculator to what you have actually paid during the year to determine the
amount of your refund.
If you are looking for a more simple tax calculator, see our Basic
Canadian Income Tax Calculator, where you input your income from capital
gains, Canadian eligible and non-eligible dividends, and other income, in order
to see the taxes payable for a single person. The Basic Tax Calculator
shows the marginal tax rates for each type of income, as well as total income
taxes payable for each province for a number of years.
Other topics related to the Quebec Tax Calculator: