If you have income from sources other than employment, use our tax calculator. Since the self-employed income, capital gains, eligible and non-eligible dividends and other income are taxed differently, this calculator will show you how much taxes you’ll have to pay. The calculator includes most deductions and tax credits and can assist with your income tax planning.
Enter your income from employment, eligible and non-eligible dividends, capital gains and other income, and see the payable for every province and territory. The calculator will also display the average tax rate and marginal tax rate.
Usage of the Tax Calculator
- Select the tax year: the tax calculator is updated with 2018 and 2017 federal and provincial taxes.
- Select the province: you can choose all the Canadian provinces and territories from the list. The calculator is updated with the British Columbia, Yukon, Alberta, Northwest Territories, Nunavut, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Islands tax rules.
- Enter your income from all sources. Make sure that you are entering your income to the proper fields: employment income, self-employment income, capital gains, eligible dividends, ineligible dividends and other income.
- Based on your inputs the calculator will estimate your payable taxes. The calculations are approximate and include the following non-refundable tax credits: the basic personal tax amount, CPP/QPP, QPIP and EI premiums and the Canada employment amount.
- If you have contributed to your RRSP during the tax year, enter the amount to the calculator. This will show how your contribution reduces your taxes. Note that you can’t contribute more than your contribution limit, what you can see on your Notice of Assesment.
- If you have already paid taxes during the year (e.g. taxes withheld from your payslip), enter that amount to the calculator, and it will show you how much taxes you still owe or how much refund you can expect.