Type amounts into yellow
cells. Tab or use your mouse to click
on the next cell.
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
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
SK
YT
Tax Year
2018
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
Taxpayer
Spouse
Birth month (needed for
CPP premiums if turning 18 or 70 during year)
1
2
3
4
5
6
7
8
9
10
11
12
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2
3
4
5
6
7
8
9
10
11
12
Fed
Are you eligible to claim the disability
amount tax credit?
Y
N
Are you single? (must be
"N" to calculate spouse tax)
Y
N
Total
Are you eligible to claim the working income
tax benefit (WITB)?
Y
N
<- Grand Total
Do you have dependants or caregiver credits to
claim, or disability transfer from dependant?
Y
N
INCOME
Taxable Income
Income
from:
Federal Line#
Taxpayer
Spouse
Taxpayer
Spouse
Employment (T4 box 14)
Lines 101/104
Are you required to pay EI premiums on ALL the above
earnings (up to annual max)?
Y
N
Y
N
If you answered "N" above, please enter
the insurable amount of your earnings, if any, below:
EI insurable earnings
Are you required to pay CPP
contributions on ALL the above earnings (up to annual max)?
Y
N
If you answered "N" above, please enter
the pensionable amount of your earnings, if any, below:
CPP pensionable earnings
Employment insurance regular benefits
(EI) (T4E box 15, if rate in box 7 is 30%)
Old Age Security (OAS) (T4A(OAS) box 18)
Line 113
CPP/QPP retirement or disability pension (T4A(P)
box 20)
Line 114
# months in year collecting CPP pension
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
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
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
Self-employment income (include bus. income/loss from
rentals)
Line 135-143
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 divs
Cdn non-eligible dividends (T5
box 10)
Actual divs
RRSP/RRIF withdrawals (when not eligible for
pension tax credit)
Other income (EI special benefits, interest,
foreign dividends, some pensions, etc)
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
Do you have pension income that you would like to
split?
Y
N
Pension splitting - maximum allowable is 50% of
eligible pension income. Make sure
birth year entered for both Taxpayer and Spouse.
Taxpayer
Spouse
Number of months married or living common-law
0
1
2
3
4
5
6
7
8
9
10
11
12
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
Total tax withheld from pension income (A above) of
spouse
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 enhanced CPP
contributions on employment income
Deduction for enhanced CPP contributions on
self-employment income
Deduction for 50% of CPP contributions 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, federal
supplements
Net capital losses of other years (after Oct 17,
2000)
Line 253
Non-capital losses of other years / Capital gains
deduction
Lines 252/254
Northern residents deduction -
not checked - use Form T2222
Line 255
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: ON only, for 66+ in year
Child Fitness
Amounts
*
Refundable YT child
fitness-max $1,000 ea up to age 16
*
MB fitness tax credit - max $500 for up to age 24
Child Arts Amounts
*
MB/YT child arts
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)
BC Seniors home renovation tax credit - refundable
(max $10,000 per home)
NB Seniors home renovation tax
credit - refundable (max $10,000 per home)
Tuition/education
transfer from 1 or more children or grandchildren
*
Transfer of Federal
tuition/education amounts from current year
Maximum transfer $5,000 per student
*
Transfer of Provincial tuition/education amounts
from current year
*
These are not checked to ensure that the maximum
allowable amount is not exceeded, but ON seniors' transit amount is checked
for age.
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 from 2015 and prior years are only required to be shown separately if some income is taxed at
highest federal tax rate in current year.
Donations carried forward from 2015 and prior years
Donations 2016 to current year
Max donations = 75% of net income. Does not account
for % increase re donated capital property.
Fitness and activity
credits can be split between spouses, are available to greater age for child
with disability
(except MB), and
double the amount is available for child with disability.
Medical and donations can be claimed by either spouse-see which
one works best.
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 family caregiver
for infirm minor children (Fed/YT) are automatically transferred to other
spouse if unused.
Do you want to claim student loan interest,
tuition, or education/textbook amounts?
Y
N
Students
Taxpayer
Spouse
Student loan interest (can be
carried fwd 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 another province, you CANNOT use unused amounts. 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.Ontario, New Brunswick and Saskatchewan - no
provincial tuition/education credits are available, just federal tuition
credit.
Eligible tuition fees -
Federal
See above re transfer from child/grandchild
Eligible tuition fees - Provincial
Provincial education /
textbook amounts
Part time
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
Full time
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
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 Line 300
Age amount (reduced above certain income levels)
Spouse/equivalent, plus family caregiver amt
(Fed/YT) if applicable Lines 303/305 +367
Can. caregiver amt for spouse,
or eligible dep. age 18+ Line 304 (Fed/BC/ON/YT)
Note that line 304
above is reduced by any amount claimed on lines 303/305.
Canada/BC/ON/YT Caregiver amount age 18+
Family caregiver amount for infirm minor children
Line 367 (Fed/YT)
Amount for infirm dependants age 18+ (other than
Fed/BC/ON/YT)
Caregiver amount (other than Fed/BCON/YT)
SK dependent children under 19
Senior supplementary (SK)
Amount for children under 6 (NS, NU, PE)
Family tax benefit (MB)
Employment insurance
CPP on empl earnings
(excluding Enhanced CPP deducted above)
1/2 CPP on self-empl earnings (excluding Enhanced CPP deducted above)
Pension amount
Canada employment credit amount (Fed/YT)
Child care costs (NL only)
Child fitness (MB, YT)
Children's arts amount (MB, YT)
Fed/SK first-time homebuyers' amount
Federal home accessibility tax credit
Disability amount for self Line 316
Disability amount transferred from a dependant Line
318
Tuition, education and textbook amounts
Tuition /eduation amounts transferred from a
child/grandchild
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 before dividend
tax credits Line 350 (C)
Tax subtotal before dividend tax credits (A) - (C)
Ontario provincial surtax
Enhanced dividend tax credit
Small business dividend tax credit
Less minimum tax
carryover (enter as positive)-only used if zero amt current year
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
BC/NB seniors refundable home reno tax credit
ON refundable seniors' public transit tax credit,
if age 66+ in tax year
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)
Choose
refundable tax credit, if applicable:
BC
Mining Exploration Tax Credit Form T88
BC
Training Tax Credit Form T1014
BC
Venture Capital Tax Credit Certificate
SBVC10
MB
Education Property Tax Credit
MB
School Tax Credit and others Form MB479
ON
Political Contribution Tax Credit
ON
Flow-through Share Tax Credit Form T1221
ON
Apprenticeship Training Tax Credit
ON
Co-operative Education Tax Credit
NU
Political Contribution Tax Credit
YT
Political Contribution Tax Credit
YT
Small Business Investment Tax Credit
Certificate YSBITC-1
YT
Labour-Sponsored Venture Capital Corporation
Tax Credit
YT
First Nations Income Tax Credit
Income tax payable
(refundable if negative)
Clawback payable re EI and OAS
Line 422
CPP & enhanced CPP payable 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
include all
income tax paid
Transfer of withholding tax re pension splitting
Adjusted total income tax credits
Balance payable
(refund due if negative) after above payments/credits
CPP & enhanced 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 / % tax savings - see note below re marginal tax rate
Average
tax rate based on adjusted taxable income (actual income)
= total taxes &
clawbacks (not CPP/EI) divided by adjusted taxable income
Notes: To determine your
marginal tax rate put your actual RRSP deduction into "Other
deductions", and enter $10 in the RRSP deduction field. The % tax savings is your 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.