Canada Tax Calculator
A practical tool to estimate your after-tax income in Canada, taking into account both federal and provincial taxes.
Features
- ✅ All 13 Provinces/Territories - Complete coverage of Canada
- ✅ RRSP Deduction - Reduce taxable income with retirement savings
- ✅ Basic Personal Tax Credits - Automatic calculation of federal and provincial credits
- ✅ Real-time Calculation - Updates as you type
- ✅ Effective Tax Rate - See your overall tax burden
- ✅ Monthly Breakdown - Know your take-home pay per month
- ✅ Data Persistence - Your inputs are automatically saved
- ✅ Export Report - Download your tax calculation summary
Interactive Demo
Try it out! Enter your annual gross income and select your province to see your estimated tax breakdown.
🇨🇦 Canada Tax Calculator
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Your RRSP limit: $14,400
Gross Income$80,000.00
Taxable Income$80,000.00
Federal Tax$13,465.26
Provincial Tax (ON)$5,210.71
Tax Credits-$2,954.93
Total Tax$15,721.04
Net Income$64,278.96
Effective Tax Rate19.65%
Monthly Net Income$5,356.58
* Simplified calculator for estimation. Actual taxes may vary based on additional deductions, credits, and other factors.
How It Works
The calculator uses the progressive tax bracket system:
- Federal Tax: Applied to all Canadian residents
- Provincial Tax: Varies by province/territory
- Net Income: Gross income minus total taxes
Tax Brackets (2024)
Federal:
- 15% on the first $53,359
- 20.5% on income between $53,359 and $106,717
- 26% on income between $106,717 and $165,430
- 29% on income between $165,430 and $235,675
- 33% on income over $235,675
Disclaimer
This calculator provides estimates for educational purposes only. Actual tax liability may differ based on:
- Personal deductions
- Tax credits
- RRSP contributions
- Other income sources
Consult a tax professional for accurate tax planning.