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.

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 2008 to 2012 for a single person, and includes the basic personal exemption and dividend tax credits.

Detailed Canadian income tax 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 2012 tax years.

Québec income tax calculators

Available for the 2009 to 2012 tax years.

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.

TFSA, Retirement income, RRSP and RRIF withdrawal calculators:

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

Get money out of your RRSPs tax-free (sort of).

RRIF 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 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.

Annual retirement income calculator

Net worth calculator - Monitor your financial progress.

Loan and mortgage calculator - See how you can save interest.

Calculators re debt and RRSPs:

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

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: January 28, 2012

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