Tax Explained

How the calculator works

The calculator estimates your income tax and take-home pay for the tax year you pick.

What it counts

  • Federal income tax, and the income tax of your province or territory.
  • Basic personal amounts and the main tax credits.
  • CPP or QPP, EI and QPIP contributions.
  • RRSP and FHSA contributions, which lower your taxable income.

An estimate

The result is an estimate for a typical employee, not tax advice. Your actual tax can differ.

Where the rates come from

The rates and amounts are the ones published by:

Tax Explained
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This tool gives estimates only. It is not tax, legal, accounting or financial advice.