| TaxTips.ca Quick Income Tax Calculator | |
| Tax Year | | |
| | Prov | | |
| Taxable income from: | Actual | Taxable | |
| Employment | | | |
| Self-employment | | | |
| Old Age Security (OAS) | | | |
| CPP/QPP retirement or disability pension | | | |
| Taxable capital gains | | | |
| Cdn eligible dividends | | | |
| Cdn non-eligible dividends | | | |
| Pension income eligible for pension tax credit | | | |
| All other income (interest, foreign divs, rental income, RRSP/RRIF, etc | | | |
| Total income for tax purposes - Line 15000 | | | |
| RRSP and FHSA deductions | | | |
| OAS Clawback | | | |
| Net Income and Taxable Income | | | |
| | Federal | | |
| Tax before non-refundable tax credits (A) Line 40400 | | | |
| Basic personal amount | | | |
| Age amount | | | |
| 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 (excl. Enhanced CPP deducted above) | | | |
| Pension amount | | | |
| Canada employment credit amount (Fed/YT) | | | |
| Subtotal for non-refundable tax credits Line 33500 | | | |
| Tax credit rate | | | |
| Line 33800 Non-refundable tax credits | | | |
| Federal top-up tax credit | | | |
| Alberta supplemental tax credit | | | |
| Non-refundable tax credits before dividend tax credits Line 35000 | | | |
| Tax subtotal before dividend tax credits - Line 40600 | | | |
| Ontario provincial surtax | | | |
| Dividend tax credit eligible dividends | | | |
| Dividend tax credit non-eligible dividends | | | |
| | | |
| Additional tax for minimum tax purposes | | | |
| Fed Line 41700 (or AMT, whichever is more, zero if neg)/Prov add'l tax | | | |
| Tax reduction - non-refundable | | | |
| ON low income individuals/families tax (LIFT) credit - non-refundable | | | |
| NS age tax credit for low income seniors - non-refundable | | | |
| Ontario health premium | | | |
| Provincial or territorial tax (zero if negative) | | | |
| Federal refundable Canada Workers Benefit Schedule 6 | | | |
| | | |
| Income tax payable (refundable if negative) | | | |
| | | |
| OAS Clawback payable | | | |
| CPP & enhanced CPP payable on self-employment income | | | |
| Total taxes, clawback and CPP payable (refundable if negative) | | | |
| Less income tax deducted | | | |
| Balance payable (refund due if negative) | | | |