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Canadian Financial and Income Tax Calculators

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 button" problem.

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 appropriately:

bulletInternet Explorer (IE) - Tools, Internet Options, Privacy, Advanced - make sure that "always allow session cookies" is checked.
bulletChrome - Settings, Advanced Settings, Privacy, Content settings, Allow local data to be set.
bulletFirefox - 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".

JavaScript errors - if you are getting a JavaScript error when you open one of our calculators, it is not likely that the calculator will work properly.  See http://support.microsoft.com/gp/howtoscript for how to enable JavaScript.

Canadian Income Tax Calculators

Basic Canadian Income Tax Calculator

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 credits.

Detailed Canadian Income Tax and RRSP Savings Calculators

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.

Canadian Income Tax Calculators - for all provinces and territories except Québec

Available for the 2008 to 2014 tax years.

Quebec Income Tax Calculators

Available for the 2009 to 2014 tax years.  Une version française est également disponible.

Investment Income Tax Calculator

See the big difference in income taxes payable with different types of investment income.  See how total taxes can be reduced even as the OAS clawback is increased.

Employee Tools Deductions Calculator

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.

US Estate Tax Calculator

US Estate Tax Calculator

TFSA, Retirement Income, RRSP and RRIF Withdrawal Calculators

Annual Retirement Income Calculator

Input your investment total to see how long your money will last at different rates of return.

CPP Retirement Pension Calculator

The CPP retirement pension calculator will show you how much Canada Pension Plan (CPP) retirement pension you will collect, depending on the age at which you decide to start collecting.

TFSA vs RRSP calculator

This calculator can help you decide which type of account is better for you.

RRIF Withdrawal Calculator

Determine before-tax income, minimum withdrawals, how long your RRIF will last at expected rates.  Works for RRIFs set up in any year.

RRSP/RRIF Withdrawal Calculator

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, as long as they were set up after 1992.

This calculator allows input of more variables than the RRIF withdrawal calculator, such as different rates of return or withdrawals in any particular year.

Calculators re Debt / RRSPs

Loan and Mortgage Calculator

See how you can save interest.

Borrow for RRSPs Calculator

Should you borrow to contribute to RRSPs?

RRSP vs Mortgage Calculator

Should you pay down your mortgage, or contribute to an RRSP?

Investing Calculators

Net Worth Calculator

Monitor your financial progress.

Investment Income Tax Calculator

See the big difference in income taxes payable with different types of investment income.  See how total taxes can be reduced even as the OAS clawback is increased.

Rule of 72 Calculator

How long will it take to double your investment?  This calculator will tell you.

Borrow to Invest Calculator

See the advantages of borrowing to invest in stocks/ETFs.  Works for all provinces and territories, including Québec.

Investment Return Calculator

What returns are you getting on your investments?

Present Value and Future Value Calculator

What do you need to invest today to achieve the desired amount in the future?

 

Revised: June 21, 2014

 

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