TaxTips.ca - 2016 Canadian Income Tax and RRSP Savings Calculator

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Amounts are recalculated automatically when you tab out of a cell or click elsewhere with your mouse, or click the Calculate button.
		Choose your province						Tax year		2016
To open links without closing the calculator, right-click on the link and select open in new window.				Taxpayer		Spouse		Combined Taxes Payable
			Birth year	Birth year is needed for CPP premiums and many tax credits. Not needed if you are age 19 to 64.		Birth year is needed for CPP premiums and many tax credits. Not needed if you are age 19 to 64.		Taxpayer		Spouse
Birth month (needed for CPP premiums if turning 18 or 70 during year)									Fed
Are you eligible to claim the disability amount tax credit?				Disability Tax Credit To qualify, a form T2201 Disability Tax Credit Certificate must be completed by a qualified person (usually a medical doctor), certified and submitted.
Are you single? (must be "N" to calculate spouse tax)									Total
Are you eligible to claim the working income tax benefit (WITB)?				WITB To be eligible, must be resident in Canada throughout the year. Must be 19 yrs old (unless single parent, or married or living common-law). NOT eligible if in prison for at least 90 days during tax year. Click on link for further information.					<- Grand Total

DEPENDANTS
	Do you have children age 18 or less at December 31 of the taxation year?
Children
# children age 6 or less at Dec 31 of tax year -born				Children age 6 or less: Used for NS, NU and PE child amount for children less than 6 yrs old, and for equivalent to spouse credit.
	Children age 6 or less: total # of months which can be claimed for these children, for NS/PE amount for young children:							NS or PE - total # of months which will be used for the child amount tax credit.
	For instance, for a child born in July, claim 5 months in the year born. For a child turning 6 in February, claim 2 months. In Nova Scotia, no months can be claimed for a child who you are claiming as an eligible dependent. In Nunavut, there is no child amount tax credit when the child is claimed as an eligible dependent.

# children age 7 to 16 at Dec 31 of tax year -born				Children age 16 or less: Used for Federal, MB and YT child fitness tax credit and equivalent to spouse credit.
# children age 17 at Dec 31 of tax year -born				Children age 17: Used for equivalent to spouse credit, and for NS sport and recreational activity credit.	# children age 18 at Dec 31					Children age 18: For equivalent to spouse, MB Family Tax Benefit and Refundable Personal Tax Credit, ON/NS/PE Tax Reduction, and SK Child Amount Tax Credit. The SK child amount must be claimed first by the lower income spouse. Unused amounts will automatically be transferred to the higher income spouse by the calculator (included in Amounts transferred from spouse in the taxes and premiums area).
Total # children age 17 or less at Dec 31					Total # children age 18 or less at Dec 31
	Can you claim a child or other eligible relative as an eligible dependant (equivalent to spouse)?
Eligible Dependant (Equivalent to Spouse) Credit
If eligible, claim the equivalent to spouse (eligible dependant) tax credit for ONE of the following dependants:					Child claimed as equivalent to spouse should still be included above.
Child age 18 or less at the end of year				Equivalent to spouse: To determine if you are eligible for this credit, click on link for more information.
Age of this child at the end of year (zero if under 1)
OR other eligible relative				Equivalent to spouse: To determine if you are eligible for this credit, click on link for more information.
	Are you able to claim the Family/Canada Caregiver Amount for this person (child or other)?
Net income of dependant claimed as equivalent to spouse
	Can you claim tax credits for parents or grandparents living with you, or any infirm dependants?
Parents, Grandparents and Infirm Dependants
	Canada Caregiver Amount information			Taxpayer		Spouse
	Are you able to claim the Family/Canada Caregiver Amount for your infirm spouse?

	Number of children under 18 for whom you are claiming the Family/Canada Caregiver Amount				To be claimed by

	Dependants	Tax Credit Claimed		Net Income	Federal Claim Amount	Taxpayer Claim Amount		Spouse Claim Amount		Total Claimed
	Dependant #1
	Dependant #2
	Dependant #3
	Dependant #4

	Provincial Claim Amounts	""	Taxpayer Claim Amount	Spouse Claim Amount		Total Claimed
	Dependant #1
	Dependant #2
	Dependant #3
	Dependant #4
	Note that in 2016 there is a tax credit available for parent/grandparent living with you if they are not infirm.
	These tax credits can be split between 2 or more supporting taxpayers, but total claim cannot be more than maximum allowed for that dependant. If the total amount claimed above exceeds the maximum allowable, the amount claimed will be reduced.
	Caregiver amount & parent/grandparent not infirm can only be claimed if dependant is living with you (see article on this) - if infirm adult dependant not living with you, use Infirm Depndant 18+ tax credit.
INCOME								Taxable Income
Income from:			Federal Line#	Taxpayer		Spouse		Taxpayer		Spouse
	Employment (T4 box 14)		Line 101	Other Income Line 104 should be included here, but do not include it in insurable earnings or pensionable earnings below.		Other Income Line 104 should be included here, but do not include it in insurable earnings or pensionable earnings below.
	Are you required to pay EI premiums on ALL the above earnings (up to annual max)?
	If you answered "N" above, please enter the insurable amount of your earnings, if any, below:
	EI insurable earnings			EI insurable earnings: Usually same as employment earnings
	Are you required to pay CPP contributions on ALL the above earnings (up to annual max)?				Required to pay CPP? Use if you are 65 to 70 and have elected to NOT pay CPP premiums after starting to collect your CPP retirement pension. Also need to enter # of months elected, below. Use if you turned 18 or 70 in the year, and also enter your birth month above.
	If you answered "N" above, please enter the pensionable amount of your earnings, if any, below:
	CPP pensionable earnings			CPP pensionable earnings: Usually same as employment earnings
	Universal child care benefit (UCCB) (RC62 box 10):		Line 117
	- will be claimed by spouse with lower "net income before adjustments"			UCCB: This amount is also used in the calculation for the "children under 6" credit for NS, NU and PE.
	Employment insurance regular benefits (EI) (T4E box 15, if rate in box 7 is 30%)			EI benefits: If your EI benefits are not subject to clawback, enter them as "Other income" below. There is no clawback when (1) a claimant was paid regular EI benefits for less than one week in the ten years prior to the taxation year of the current benefits, or (2) the EI benefits are "special benefits", such as (a) pregnancy, maternity, or parental benefits, (b) benefits due to a prescribed illness, injury or quarantine, or (c) compassionate care benefits.
	Old Age Security (OAS) (T4A(OAS) box 18)		Line 113
	CPP/QPP retirement or disability pension (T4A(P) box 20)		Line 114	CPP retirement pension: Also enter # of months that you were collecting CPP during the year, if you are >65 and have elected to not pay CPP contributions.
	# months in year collecting CPP pension
	If you are 65 to 70 and collecting CPP, please indicate the # of months, if any, for which
	you are electing to NOT make CPP contributions in the year
	Self-employment income (include bus. income/loss from rentals)		Line 135-143	Rental income can be business or property income. These are treated differently for tax purposes. Click the link for more information. Property income/loss from rentals goes in Other Income.
	CPP pensionable self-employment earnings
	Capital gains in excess of capital losses (zero if negative) - actual, not taxable
	Cdn dividends eligible for enhanced div tax credit (T5 box 24)	Actual amount of divs		Actual amount of dividends is entered, and the taxable amount, which is included in line 120 on the tax return, will be displayed in the Taxable Income Column. Newfoundland & Labrador dividends- see below also.		Actual amount of dividends is entered, and the taxable amount, which is included in line 120 on the tax return, will be displayed in the Taxable Income Column.
	Cdn non-eligible dividends (T5 box 10)	Actual amount of divs		Actual amount of dividends is entered, and the taxable amount, which is included in line 120 on the tax return, will be displayed in the Taxable Income Column.		Actual amount of dividends is entered, and the taxable amount, which is included in line 120 on the tax return, will be displayed in the Taxable Income Column.
	RRSP/RRIF withdrawals (when not eligible for pension tax credit)
	Other income (EI special benefits, interest, foreign dividends, some pensions, etc)			Other income includes: -Interest, foreign dividends -Property income/loss from rentals -Pension income for age< 65, unless it is qualified pension income -Other income
	Pension income (eligible for pension tax credit for persons 65+)
	Qualified pension income (eligible for pension credit for any age)
	Qualified pension income (eligible for pension tax credit even if taxpayer is under 65) includes - life annuity payments from a superannuation or pension plan - pmts from a RRIF, or annuity pmts from an RRSP or from a DPSP, received as a result of the death of a spouse or common-law partner.
	Workers' compensation benefits (box 10 on the T5007 slip)		Line 144
	Social assistance payments		Line 145
	Net federal supplements (box 21 on the T4A (OAS) slip)		Line 146
	Workers' compensation, social assistance and net federal supplements are included above, and deducted below to arrive at taxable income.
	NS Seniors with GIS income on line 146 and provincial taxes payable on line 428 may get a refund of tax.					Subtotal
	Newfoundland & Labrador only - re Cdn non-eligible dividends received in 2016 and included in dividends above:
	Amount of Cdn non-eligible dividends received before July 1, 2016
	Do you have pension income that you would like to split?
Pension splitting - maximum allowable is 50% of eligible pension income. Make sure birth year entered for both Taxpayer and Spouse. Make sure marital status above is correct, and enter number of months married.
				Taxpayer		Spouse
	Number of months married or living common-law
A.	Total pension income eligible for pension tax credit (based on age)
	Maximum pension amount transferable (50% x A/12 x #months married)
	Amount that you are electing to transfer - from taxpayer to spouse
	Amount that you are electing to transfer - from spouse to taxpayer
	Transfer of pension income Line 116	$ from taxpayer to spouse
		$ from spouse to taxpayer
Any resulting additions to pension income are shown here, and reductions to income are in deductions area on Line 210.
	After pension splitting - pension income eligible for pension tax credit						""
	Transfer of tax withheld from pension income that is eligible for pension splitting:						The tax deducted from pension income should also be included in the "Total income tax deducted" (at bottom).
	Total tax withheld from pension income (A above) of taxpayer			Only include taxes deducted from the pension income which is eligible for pension splitting.
	Total tax withheld from pension income (A above) of spouse					Only include taxes deducted from the pension income which is eligible for pension splitting.
Total income for tax purposes - line 150
DEDUCTIONS								Taxpayer		Spouse
	RRSP deduction		Line 208
	Other deductions (RPP, union dues, child care, interest expense, etc.)
	Child care costs - not checked to see if exceeding limits		Line 214

	Deduction for elected split-pension amount		Line 210
	Deduction for 50% of CPP on self-employment income		Line 222
Net income before adjustments (for calculation of clawbacks, zero if negative) - Line 234
	Clawback of EI and OAS including Net Federal Supplements		Line 235
Net income for tax purposes - Line 236
	Workers' compensation, social assistance
	Net capital losses of other years (after Oct 17, 2000)		Line 253
	Non-capital losses of other years / Capital gains deduction		Lines 252 / 254
Taxable income (zero if negative) - Line 260
	Less dividend gross-up
	Add back non-taxable portion of capital gains less capital losses carried forward
	Add back clawbacks (the clawbacks are treated as another tax for the average tax rate calculation)
Adjusted taxable income (zero if negative) for average tax rate calculation at bottom
TAX CREDITS (NON-REFUNDABLE UNLESS NOTED OTHERWISE)
Click on links for more information on each tax credit				Taxpayer		Spouse
	Public transit costs
*	BC back-to-school amount - claim $250 for each child age 5 to 17 on Dec 31
Child Fitness Amounts
*	Refund. Fed/YT child fitness-max $500 ea up to age 16
*	BC child fitness & equipment - max $500 ea, age 16 or less, 18 or less for disabled						Input fitness total - 50% is added below
*	MB fitness tax credit - max $500 for up to age 24
*	ON refundable child activity-max $560, more for disabled
Child Arts Amounts - click on link for more information
*	Fed/BC/MB child arts - max $250 each age 16
Home Buyers / Home Renovations
	Federal first-time home buyers' tax credit (max $5,000 per qualifying home)
	Federal home accessibility tax credit (max $10,000)
*	SK first-time home buyers' tax credit (max $10,000 per qualifying home)
	ON healthy homes renovation tax credit-refundable (max $10,000 per home)
	BC Seniors home renovation tax credit-refundable (max $10,000 per home)
	NB Seniors home renovation tax credit -refundable (max $10,000 per home)
*	These are not checked to ensure that the maximum allowable amount is not exceeded.
Medical Expenses / Charitable Donations
	Medical expenses-usually best claimed by lower income spouse
	Charitable donations-usually best claimed by higher income spouse
	Carried forward donations are only required to be shown separately if some income is taxed at highest federal tax rate in 2016. If reducing donations because not all utilized, reduce carried forward donations first.
	Donations carried forward from prior years
	Donations in current taxation year
	First Time Donor Super-Credit is available only for donations of money, and only if this is the first donation after 2007.
	Is this the first donation after 2007 for both taxpayer and spouse?
	""
	Fitness and activity credits can be split between spouses, are available to greater age for child with disability
	(except MB and SK), and double the amount is available for child with disability (except SK).
Medical and donations can be claimed by either spouse-see which one works best. Donations can be carried forward and used in a future year, or split with spouse.
Medical expenses can be claimed for any 12 month period ending in the tax year.
Homebuyers' tax credit can be shared by spouses - see what works best.
Tax credits for age, pension, disability, and child (except NS and PE child under 6) amounts are automatically transferred to other spouse if unused.

Do you want to claim student loan interest, tuition, or education/textbook amounts?
Students				Taxpayer		Spouse
	Student loan interest (can be carried forward up to 5 years)	Sch 1 Line 319
	Unused tuition/education/text amounts from prior year:		Federal
			Provincial
Resident of different province at the previous year end - use the federal unused tuition/education/textbook amount as the provincial amount, unless moved to ON or PE. If moved to ON from QC use federal amount, otherwise use provincial amount. If moved to PE from QC use federal amount, otherwise use lower of federal or provincial amounts.
Disabled students - claim full time months for part time months enrolled.
	Eligible tuition fees
	Federal education/textbook, # of months	Part time- # of months						""
		Full time - # of months
		Part time
		Full time
	Unused tuition/education/textbook amounts before transfers to spouse		Federal
			Provincial
	Maximum allowable transfer from spouse		Federal
			Provincial
	Unused amounts to transfer from spouse		Federal
	These transfers show as part of "Amounts transferred from spouse".		Provincial
TAXES AND PREMIUMS				Taxpayer				Spouse
				Federal		""		Federal

	Basic personal amount
	Spouse/equivalent
	Family Caregiver Amount for Infirm Minor Children Line 367 (Fed/YT)
	Amount for infirm dependants age 18+
	Caregiver amount
	SK dependent children under 19
	Age amount (reduced above certain income levels)
	Senior supplementary (SK)
	Amount for children under 6 (NS, NU, PE)
	Family tax benefit (MB)
	Employment insurance
	CPP on empl earnings
	1/2 CPP on self-empl earnings
	Pension amount
	Employment credit amount (Fed/YT)
	Child care costs (NL only)
	Public transit amount (Federal only and YT only)
	Child fitness (MB, BC (BC +50% re equipment))
	Children's arts amount (Federal, BC, MB, YT)
	BC back-to-school amount
	Fed/SK first-time homebuyers' amount
	Federal home accessibility tax credit
	Disability amount
	Tuition, education and textbook amounts
	Amounts transferred from spouse
	Medical expenses
	Student loan interest (see bottom for amount unused)
	Total amount for non-refundable tax credits (B) Line 335
	Line 338 Non-refundable tax credits @ (B) x
	Donations tax credit
	Total non-refundable tax credits Line 350
	Tax subtotal before dividend tax credits
	Ontario provincial surtax
	Enhanced dividend tax credit
	Small business dividend tax credit

	Additional tax for alternative minimum tax (AMT)
	Provincial surtax except Ontario
	Low income tax reduction - non-refundable
	NS age tax credit for low income seniors - non-refundable
	ON refundable children's activity credit
	BC/NB seniors home reno tax credit / ON healthy homes tax credit - refundable
	Federal/YT refundable child fitness tax credit
	Federal refundable medical expense supplement
	Federal refundable working income tax benefit
	Newfoundland & Labrador temporary deficit reduction levy
	Ontario health premium

	Other refundable tax credits available in BC, MB, ON, NU, YT - choose below, and enter the amount of the credit as a NEGATIVE amount (not checked)

Income tax payable (refundable if negative)
					Line 420				Line 428
	Clawback payable re EI and OAS		Line 422
	CPP on self-employment income		Line 421
Total payable by taxpayer / (refundable if negative)					before deducting taxes paid
	Total income tax deducted (information slips/instalments) - not CPP/EI premiums			Income tax deducted: Include both federal and provincial income tax paid. Do not include CPP contributions or EI premiums shown on T4.	include all income tax paid			Income tax deducted: Include both federal and provincial income tax paid. Do not include CPP contributions or EI premiums shown on T4.
	Transfer of withholding tax re pension splitting
	Adjusted total income tax credits
Balance payable (refund due if negative) after above payments/credits
	CPP paid on employment income
	EI paid on employment income
Total taxes, clawbacks, CPP/EI premiums
Adjusted taxable income before taxes / before RRSP deduction
Adjusted taxable income after taxes / before RRSP deduction
Tax savings re RRSPs / Marginal tax rate (see note below)
Average tax rate based on taxable income
= total taxes, clawbacks, CPP/EI divided by taxable income
Avg tax rate based on adjusted taxable income
Note: RRSP contributions by one spouse may also reduce the taxes payable of the other spouse - this is not reflected in the RRSP savings. When RRSP contributions cause UCCB income to move from one spouse to the other, tax savings re RRSPs are not accurate. If the RRSP contribution amount doesn't cause a change to next lower tax bracket, % tax savings = marginal tax rate.
Unused student loan interest
Donations in excess of 75% of net income - carry forward


Alternative minimum tax (AMT) is estimated based on available information, and is only useful as it relates to capital gains and Canadian dividends.
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. Calculations are based on rates known as of September 23, 2017.