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Before making a major financial decision you
should consult a qualified professional.
Let our free Canadian calculators assist you in your income tax planning and
financial planning. Our detailed income tax calculators include most
deductions and tax credits, and can help you determine how much you should
contribute to an RRSP to save income tax.
Note re Internet
Explorer: You may have to use compatibility
view to view and print some of our calculators properly. If you see a
blank screen, but find the calculator is there when you scroll down, try
compatibility view. Or, you could try Chrome or Firefox.
Chrome seems to load pages faster, and doesn't have a "back
Some of our calculators will retain information for the next time you
use them - if you don't want this to happen (perhaps you're on a public
computer), click the Reset button before closing the web page. If
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".
one of our calculators, it is not likely that the calculator will work
properly. See http://support.microsoft.com/gp/howtoscript
Enter your income from Canadian eligible and
non-eligible dividends, capital gains, and other income, see taxes
payable for every province and territory, as well as your marginal tax
rate for Canadian eligible and non-eligible dividends, capital gains,
and other income. Shows results for several years for a single
person, and includes the basic personal exemption and dividend tax
Detailed Canadian Income Tax and RRSP
The detailed income tax calculators include the
calculation of most available deductions and tax credits. They
also show how much you will save from your RRSP contribution. The 2014/2015 calculators include the
Tax Cut, which is a form of notional income splitting for couples
with children under 18. The Family Tax Cut is eliminated for 2016
as per the Liberal
platform, but no formal announcement has yet been made, as of
December 1, 2015.
Calculate the tradesperson's tools deduction and
apprentice mechanic's tools deduction, as well as the adjusted cost of
employee tools, and amount to include in income when tools are sold
(if there has been a previous tool deduction taken for the sold
tools). See our article on Employee
Tools Deductions for more information.
Determine before-tax income, minimum withdrawals, how long your RRIF will
last. Use if you haven't yet transferred to a RRIF, also works for RRIFs
already set up. This calculator includes the RRIF factors proposed by the
Federal 2015 Budget, with an option to use the old factors. The old
factors are for RRIFs set up after 1992. If you have a RRIF set up before
1993 and want to use the old factors, use the RRIF Withdrawal Calculator.
Withdrawal Calculator - discontinued
This calculator used RRIF factors which are no longer
in effect. The RRIF factors are now the same regardless of when the RRIF was
created. Use the above RRSP/RRIF Withdrawal Calculator.