💰 Income Tax Calculator
This calculator helps Canadian taxpayers estimate their federal and provincial income taxes based on current tax brackets and rates.
Income Projection
Optional: Enable this feature to project your income growth and tax implications over multiple years.
Income Details
Other Income (Optional)
Note: Include all other sources of income such as rental income, investment income, tips, EI, CPP, and OAS.
Rental income
Interest, dividends
Tips received
EI benefits received
CPP/QPP benefits
Old Age Security
Deductions (Optional)
Note: Enter any eligible deductions that apply to your situation. These will be applied before RRSP contributions.
Union dues
Eligible employment expenses
Deductible CPP/QPP contributions
Net rental losses
Self-employed deductions
Home Buyers' Plan repayment
Lifelong Learning Plan repayment
Depreciation for rentals
Deductible interest (investments)
RRSP/REER Contribution (Optional)
Annual RRSP/REER contribution (applied after other deductions)
FHSA/CELIAPP Contribution (Optional)
Note: The annual contribution limit for FHSA is $8,000. The lifetime contribution limit is $40,000. The FHSA is designed for first-time homebuyers.
Annual FHSA/CELIAPP contribution (applied after RRSP)