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2024 & 2025 Investment Income Tax Calculator

 

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Note:  This calculator will retain data.  Click Reset before closing if using on a public computer.

 TaxTips.ca Investment Income Tax Calculator 
Illustration of the Effect of Different Investment Income Types
Tax Year
    Taxes Payable
Taxpayer Information   Taxes Before Clawback
Province of Residence
Clawback Payable
Birth Year
Total Taxes Payable
After-tax Income
Income Actual Taxable   Try shifting income from other income to Canadian eligible or non-eligible dividends, and see the difference in taxes payable, even when the OAS clawback might increase.

Enter above results below, shift some income or change the tax year, and see the difference.
Old Age Security
CPP
Capital Gains
Enter the actual amount of capital gains in excess of losses.
Canadian Eligible Dividends
Enter the actual amount of dividends.
Canadian Non-Eligible Dividends
    Enter the actual amount of dividends.   Previous Calculation Results
RRSP/RRIF Withdrawals
Taxes Before Clawback
Only include RRIF withdrawals if age is less than 65.
Clawback Payable
  Other Income   Total Taxes Payable
Include interest and foreign dividends, etc.
After-tax Income
Pension Income Eligible for Pension Tax Credit
 
    This would include RRIF withdrawals when age is 65+.   Increase / (Decrease)
Pension income not eligible for pension tax credit should be in other income.
Taxes Before Clawback
Clawback Payable
Less OAS Clawback
Total Taxes Payable
Actual and Taxable Income
After-tax Income
This calculator includes the same taxes and tax credits as the detailed Canadian Tax Calculator, as well as AMT where applicable.
Calculations are based on rates known as of May 28, 2025, including federal tax rate reduction.
TaxTips.ca Investment Income Tax Calculator
Illustration of the Effect of Different Investment Income Types
Tax Year     Taxes Payable
Taxpayer Information   Taxes Before Clawback
Province of Residence
Clawback Payable
Birth Year
Total Taxes Payable
After-tax Income
Income Actual Taxable   Previous Calculation Results
Old Age Security
Taxes Before Clawback
CPP
Clawback Payable
Capital Gains
Total Taxes Payable
Canadian Eligible Dividends
After-tax Income
Canadian Non-Eligible Dividends
  RRSP/RRIF Withdrawals   Increase / (Decrease)
  Other Income   Taxes Before Clawback
Pension Income Eligible for Pension Tax Credit
Clawback Payable
Less OAS Clawback
Total Taxes Payable
Actual and Taxable Income
After-tax Income
This calculator is intended to be used for planning purposes.  It does not include every available tax credit.  We strive for accuracy, but cannot guarantee it. Before making a major financial decision you should consult a qualified tax professional.

Alternative minimum tax (AMT) is calculated where applicable, but the Detailed Calculator is better suited for calculating AMT, as deductions and tax credits can be entered. Individuals who may be subject to AMT, or who do not have a simple tax situation, should be seeking advice from a tax lawyer or CPA tax specialist.

The increase to the capital gains inclusion rate will not happen.

Tax Tip: Don't avoid Canadian dividends just because of the OAS clawback - they are more tax-efficient than most other income, and can reduce your taxes even though your clawback is increasing!

Questions or comments on the Investment Income Tax Calculator? 
We normally reply within 1 business day - no reply? Check your spam folder.

Revised: September 26, 2025