TaxTips.ca - 2024 & Earlier Basic Tax Calculator

	Choose tax year

Enter your total income from the following sources:
			Actual	Taxable	Links will open in a new browser tab.
Other income (see notes below)
Capital gains pre-Jun 25/24
Capital gains post-Jun 24/24
Canadian eligible dividends
Canadian non-eligible dividends
Total Income
Type amounts into yellow cells. Amounts are recalculated automatically when you move out of a cell or click the Calculate button. If the tax year chosen is 2023 or earlier, capital gains post-Jun 24/24 are included in taxable income at a 50% inclusion rate.
Would you like to print the Original or Revised Table?
Original Amounts
			Marginal Tax Rate on Next $100 of
Province/ Territory	Taxes Payable	Avg Tax Rate	Other Income	Capital Gains	Eligible Divs	Non- eligible Divs
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
QC
SK
YT
Total Federal & Provincial Income Taxes Payable by Year
Province/ Territory	2024
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
QC
SK
YT
This calculator is intended to be used for planning purposes. It includes very few tax credits. We strive for accuracy, but cannot guarantee it. Calculations are based on rates known and legislation available as of June 15, 2024 2024 indexation, brackets & rates have been confirmed to CRA and Quebec data. Average tax rate = taxes payable divided by actual (not taxable) income.

Trying to compare rates to the tables of marginal tax rates?
See:		Understanding the tables of personal income tax rates
Want a more detailed tax calculation with most tax credits & AMT?
See:		Detailed Canadian Tax & RRSP Savings Calculator
Taxes and credits included:
Basic tax and any applicable surtaxes
Basic personal amount, and NS add'l personal amount for 2018 and later.
Federal & YT enhanced basic personal amount for 2020 and later.
Dividend tax credits for Canadian eligible and non-eligible dividends
Federal tax abatement (QC only)
Not Included:
CPP and EI premiums or related deductions/tax credits
ON health premium, QC health charges
Low income tax credits are NOT calculated
Alternative minimum tax (AMT) is NOT calculated

	Choose tax year

Enter your total income from the following sources:
			Revised	Taxable
Other income
Capital gains pre-Jun 25/24
Capital gains post-Jun 24/24
Canadian eligible dividends
Canadian non-eligible dividends
Total Income
Type amounts into yellow cells. Amounts are recalculated automatically when you move out of a cell or click the Calculate button. If the tax year chosen is 2023 or earlier, capital gains post-Jun 24/24 are included in taxable income at a 50% inclusion rate.
Revised Amounts
			Marginal Tax Rate on Next $100 of
Province/ Territory	Taxes Payable	Avg Tax Rate	Other Income	Capital Gains	Eligible Divs	Non- eligible Divs
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
QC
SK
YT
Total Federal & Provincial Income Taxes Payable by Year
Province/ Territory	2024
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
QC
SK
YT

Compare Results
You can compare 2 provinces - choose provinces below.
You can compare different tax years or the same tax years, by changing the tax year in the Original or Revised pages.
Choose Province(s)			Taxable income increase (reduction)
	Original Results	Revised Results	Taxable income increase (reduction)
Tax Year
Taxable Amounts:
Other income
Capital gains pre-Jun 25/24
Capital gains post-Jun 24/24
Canadian eligible dividends
Canadian non-eligible dividends
Total Taxable Income
			Tax increase (reduction)
Taxes Payable
Average Tax Rate
Marginal Tax Rates:
Other income
Capital gains
Canadian eligible dividends
Canadian non-eligible dividends

TaxTips.ca Basic Tax Calculator

Income			Actual	Taxable
Other income
Capital gains
Canadian eligible dividends
Canadian non-eligible dividends
Total Income

			Marginal Tax Rate on Next $100 of
Province/ Territory	Taxes Payable	Avg Tax Rate	Other Income	Capital Gains	Eligible Divs	Non- eligible Divs
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
QC
SK
YT

Total Federal & Provincial Income Taxes Payable by Year
Province/ Territory
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
QC
SK
YT
Results Comparison
Province					Increase/ (Reduction)
			Original Results	Revised Results	Increase/ (Reduction)
Tax Year
Taxable Amounts:
Other income
Capital gains pre-Jun 25/24
Capital gains post-Jun 24/24
Canadian eligible dividends
Canadian non-eligible dividends
Total Income
Taxes Payable
Average Tax Rate
Marginal Tax Rates:
Other income
Capital gains
Canadian eligible dividends
Canadian non-eligible 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. Before making a major financial decision you should consult a qualified tax professional. Alternative minimum tax (AMT) is not included in this calculator. Individuals needing an AMT calculation that encompasses all possible factors should be seeking advice from a tax lawyer or CPA tax specialist. Draft legislation for the capital gains inclusion rate to 2/3rds effective June 25, 2024 for capital gains over $250,000 will apparently have further changes. It is possible that when further legislation is available, the calculator may change.

Home -> TaxTips.ca Calculators -> Basic Canadian Income Tax Calculator information page

This calculator will retain data for you, using cookies on your device. Click Reset before closing the web page to clear the data.