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Tax calculators & rates

Calculate your annual federal and provincial combined tax rate with our easy online tool.

EY’s tax calculators and rate tables help simplify the tax process for you by making it easy to figure out how much tax you pay.

Personal tax calculator

Calculate your combined federal and provincial tax bill in each province and territory.

RRSP savings calculator

Calculate the tax savings your RRSP contribution generates.

Canadian corporate tax rates for active business income

Canadian provincial corporate tax rates for active business income

Canadian corporate investment income tax rates

Canadian personal tax rates

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Canada Income Tax Calculator for 2020 & 2021

Estimate your 2020 & 2021 total income taxes with only a few details about your income and province. Find your average tax rate and how much tax you will have to pay on any additional income.

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What is the CPP?

The CPP, short for the Canada Pension Plan, is a mandatory public retirement pension plan run by the Government of Canada. All Canadians over the age of 18 with employment income are required to contribute towards the CPP, with the exception of those employed in Quebec. Instead of the Canada Pension Plan, the Province of Quebec administers a similar pension plan, called the Quebec Pension Plan.

How does the CPP work?

You will contribute towards the CPP from your employment earnings from age 18 to 70. The CPP Investment Board then invests CPP funds. Once you retire, you will then receive a monthly retirement pension that is equal to a certain percentage of your lifetime average earnings.

The base CPP benefit provides a monthly pension of up to 25% of your contributory earnings for the best 40 years of earnings. With changes enhancing CPP contributions, the monthly pension amount can rise to up to 33.33% of your contributory earnings. This pension amount counts as income, and so you must pay income tax on your CPP benefit.

The earliest that you can receive your retirement pension is when you turn 60 years of age. If you have a disability, you may receive the CPP disability benefit if you are under the age of 65, or the CPP post-retirement disability benefit if you have already started to receive your CPP retirement pension.

If you start receiving your pension between 60 and before you turn 65, your pension amount will be permanently reduced at a rate of 0.6% for every month before age 65, for a maximum reduction of 36%.

Every month after age 65 permanently increases your pension amount by 0.7%, up to a maximum of 42% when you turn 70.

CPP Contribution Rate

CPP Contributions

There are two parts to the CPP: the base CPP and the enhanced CPP.

Base CPP

For the base CPP, your base CPP Contribution amount will be 4.95% of your employment earnings between the basic exemption amount and the maximum contributory earnings amount. Your employer will also contribute an additional 4.95% of your earnings. This creates a combined annual contribution rate of 9.90%.

If you are self-employed, you must cover both the employee and employer contributions, for a total of 9.90%.

CPP Enhancement

The CPP enhancement was introduced in January 2019 and is an additional supplement on top of the base CPP. Between 2019 and 2023, an additional contribution of 2% is gradually being rolled-out, shared equally between you and your employer. This means that you will contribute up to an additional 1% by 2023. For 2021, this enhanced CPP contribution is 0.5%.

Starting in 2024, enhancements will add an additional 8% contribution for earnings between the maximum contributory amount and 14% above that maximum contributory amount. This enhanced contribution is shared equally, 4% by the employer and 4% by the employee.

Maximum CPP Contribution 2020

CPP Tax Deductions

If you are an employee, you can claim a 15% tax credit for your base CPP contribution, and a tax deduction for your enhanced CPP contribution. A non-refundable tax credit directly reduces the amount of tax that you owe, while a tax deduction reduces your taxable income.

If you are self-employed, you can claim a 15% tax credit on half of your base CPP contribution, and a tax deduction on the other half of your base CPP contribution. You can also claim a tax deduction on your enhanced CPP contribution.

CPP Tax Credit Rates

Quebec Pension Plan (QPP)

Instead of the Canada Pension Plan, employees and employers in the Province of Quebec are required to contribute towards the Quebec Pension Plan. If you are self-employed, you are required to contribute both the employee QPP and employer QPP contribution amounts. If you are an Aboriginal person, you are not required to contribute towards the QPP.

Quebec Pension Plan Contribution Rates

Employment Insurance (EI)

EI provides benefits to those who have lost their jobs, stopped working due to illness or injury, as well as maternity and caregiving leave. You will pay a premium of your annual earnings up to a maximum amount. Your employer will also pay EI premiums.

If you are in Quebec, your EI premium rates will be lower than Federal EI premium rates. However, employees in Quebec are also required to pay premiums for the Quebec Parental Insurance Plan (QPIP).

EI Premium Rates

Quebec EI Premium Rates

Quebec Parental Insurance Plan (QPIP) Employee Premium Rates

Quebec Parental Insurance Plan (QPIP) Self-Employed Premium Rates

How are dividends taxed in Canada?

There are two types of dividends in Canada: «Eligible Dividends» and «Other Than Eligible Dividends». Corporations will designate their dividends as either “eligible” or “other than eligible” for tax purposes.

Dividends are paid out of a corporation’s after-tax profits. This means that tax has already been paid on the dividend amount. However, not all corporations have the same tax rate.

Canadian Controlled Private Corporation (CCPCs) are eligible for the small business deduction, which reduces their corporate income tax rate. Dividends paid out by them are «other than eligible». Since a lower amount of tax has already been paid on them, you will receive a smaller tax credit rate.

Public corporations are not eligible for the small business deduction, and so their dividends are designated as eligible dividends. As a higher tax rate applies to these public corporations, your dividend tax credit amount will be larger.

A dividend gross-up multiples your actual dividend amount by a certain multiplier, which attempts to replicate what the dividend-paying corporation had to earn in order to pay out the dividend after taxes.

Dividend Tax Credit

Dividends count as income and will be taxed at your personal income rate, however, federal dividend tax credits will reduce the amount of tax owed. You may also receive provincial dividend tax credits depending on your province. Dividend tax credits are claimed on your personal income tax returns.

Example Federal Dividend Tax Credit (Ontario)

Capital Gains

Capital gains is money that you make (or lose) when you sell capital property. This can include stocks and bonds, or land and equipment used in a business. A capital gain is when you sell your capital property for more than you paid for it. Similarly, a capital loss is when you sell for less than you paid for it.

Capital gains and capital losses are unrealized until you sell them. When you sell them, they become realized capital gains or losses.

Capital Gains Tax Canada

There is no special capital gains tax in Canada. Instead, capital gains are taxed at your personal income tax rate. Only 50% of your capital gains are taxable. This means that only half of your capital gains amount will be added to your taxable income.

Canadian Income Tax Brackets

Tax Brackets are ranges of income that determine how much tax you will have to pay on the income in that bracket. Each bracket has a lower and upper limit as well as a tax rate.

If you earn more than the lower limit, you will have to pay that tax rate on any additional income up to the upper limit. Any amount beyond the upper limit will be taxed based on the next tax bracket. Each province has their own set of tax brackets, which can differ from the federal tax brackets.

A common misconception is that when you go up to a higher tax bracket with a higher tax rate, you will have to pay more taxes on all of your income. That is not true. Only the additional income in the higher tax bracket will be taxed at the higher rate and your income in the lower brackets will be taxed at their lower respective rates.

Marginal Tax Rate

Your Marginal Tax Rate is the amount of tax you will have to pay on any additional income. It is determined by your provincial and federal tax brackets. If you earn enough to go into the next tax bracket, your marginal tax rate will increase for any additional income after that point. If you earn less than you expect and go into a lower tax bracket, your marginal tax rate will also go down.

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Canadian Income Tax Calculators: Ontario

Please find below a collection of Income Tax calculators for each year. Click on the year to scroll down to the corresponding calculator for 2019, 2018, 2017, 2016, 2015, 2014.

Canadian Income Tax Calculator 2019

2019

Canadian Income Tax Calculator 2018

2018

Canadian Income Tax Calculator 2017

2017

Canadian Income Tax Calculator 2015

2015

Canadian Income Tax Calculator 2014

2014

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Only one parent may claim child expenses. Generally, this is the lower income earner.

Both parents MAY be able to claim child expenses under EXTRAORDINARY circumstances.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Can both parents claim child care expenses?

Your question is not answerable through this forum… you should refer the question to your husband’s bookkeeper or accountant who keeps the company’s books and records the HST Collected and HST Paid to determine the amount of HST Payable.

When your husband registered for GST, CRA advised him of the reporting periods required… refer to the communication your husband received from CRA for reporting periods.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Do not confuse RRSPs and RESPs…. contributions to RESPs are not deductible against taxable income as RRSP contributions are.

RESPs are tax deferred accounts for the purpose of providing for a child’s education…. money contributed is not tax deductible and the income earned, as well as any contributions from the government, within RESPs is taxable in the child’s hands when they withdraw the funds for education purposes.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367-3477
Twitter: @Storoszko_Assoc

HI, first of all I would like to thank you for helping me in the past.

My question this time is about RESPs.If I take out an RESP for both of my grandchildren before the end of February 2017 can I deduct it from my taxable income for 2016?

Your question is not actually income tax related, so it’s beyond the scope of this forum. You should consult with a Financial Planner or your Benefit Administrator to determine the actual bottom line payout.

You do not mention what your monthly pension will be, so this can only merely be a guess for you.

If ever you have the option for a spousal benefit, take advantage of it. In your case, you have a choice of spousal benefit options.

In a decision like this, it is best to consider the worst case scenario… what would it be if you were to pass away one month after starting your pension?

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

HI, I am hoping you can give me an opinion on the following question:

Would you agree it looks like the best way to go?

Thanks for any help you can provide.
Frank.

As you know, your friend is without a work permit… so he is unable to engage in ANY type of work, whether paid or unpaid.

Unless your friend, is an investor only in the service company, meaning he does not participate in the company operations, yes, option D is the only opportunity to him to earn income from the company.

Immigration Canada is VERY EXPLICIT is what it determines as work… ANY WORK done by your friend would be a violation of his residency application and can result in his residency application being denied.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Hi there,
a friend of mine is a spouse of a a permanent resident of Canada but doesn’t have a work permit. He is living with his spouse in Canada and waiting for the application of permanent residency to be approved.

He incorporated a small service company with another permanent resident in Ontario.

In order to get some income from the company, he is considering the following options:
a, salary/wages from the company he owns,
b, commission from this company,
c, contract work paid by this company,
d, dividends from this company.

Since he doesn’t have a work permit, it seems option d is the only choice.
Do you have any suggestions?

In order for you to claim your son’s foreign tuition he must first report and claim on his personal tax returns each year he was in school attendance overseas.

For him to report foreign tuition, he must obtain a tuition receipt from the school which itemises the amount of tuition and the number of months he attended full or part time.

Once your son reports this information on his tax returns, he can then transfer the maximum amount transferable to you.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Hi,my son has been attending University in London England for the last three years at the London school of economics (he graduates this summer )he is a canadian paying the international fees.

My question is: Do you know if I can claim the fees as a tax deduction against my income here in Canada?

Thanks for any help you can provide.

By the sounds of your question, it would appear you are not reporting the UK pension to CRA currently.

This is a major disadvantage to you as you are losing out on pension credit and pension income splitting NOW.

Even though you may not be depositing the UK pension in a Canadian bank account, you are required by CRA to report this income. It would also allow you to avoid double taxation when CRA finds out you may be not reporting the income accurately. If your UK pension is subject to UK taxation, you are losing out on Canadian foreign tax credit, the pension deduction and pension income splitting.

Bottom line: report the income legally to get the Canadian pension income splitting tax deduction.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

I have a Defined Benefit pension from a UK company worth about £10,000 p.a. which I am considering bringing over to Canada in 2016. There is also a back-payment, which I will take as a lump sum.

MY QUESTION IS: Will this pension (and the lump sum) be eligible for pension income splitting in Canada (assuming tax is paid in Canada and not the UK)?

BACKGROUND INFORMATION: I am 66 years old. My wife is 63. We are both Canadian (as well as British) citizens, and both of us have been resident in Canada for some years.

I look forward to hearing from you.

It is the law and your obligation to file a Canadian tax return and pay Canadian taxes, if you are a Canadian resident for tax purposes. Regardless of the amount of income you receive outside of Canada, all is to be reported on your Canadian tax return.

For you to receive the Canadian tax benefits, you MUST file a valid Canadian tax return reporting your foreign income. If you neglect to report your foreign income and receive Canadian Benefits, you are committing tax fraud.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Hello…
I am a Canadian Living in the Cayman islands. I am wondering if it beneficial for me to pay taxes. I am a single mother and I just moved here again… the last time I lived here I did not cut my ties for tax purposes as I was not making very much money. I know have a better job and make about 40,000 CAD there is no income tax here. I would like to continue to receive my sons child tax and universal child tax credit as well as the money for his education fund for 2016 taxes. What do you think?

You have not provided sufficient details to answer your question appropriately… here goes:

A W-8BEN is the US version of a T4 slip for non-US residents. It is issued by someone withholding income tax payments.

Are your customers withholding tax from your payments?

Your topic is to complicated to answer fully in this forum, we would be happy to answer your questions if you contact us directly so you can fully explain your situation.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Any insight would be greatly appreciated!

As you live in Quebec, you must file a Quebec tax return. You cannot file an Ontario tax return for working in Ontario.

The CPP/QPP and Provincial Income Taxes will be recalculated when you file your income tax return.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Any money you receive for doing any type of work is reportable to Canada Revenue on your income tax return.

In your case, as you are working as a support worker, you must report your income as your employer will be reporting it to CRA as a deduction for their care.

Be sure you keep all records of your payments you receive as well as all receipts for expenses you incurred in doing your job (transportation, office supplies, etc.) as these are deductible against income tax you would payable.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

If I work in Ontario as a nurse and only live in Quebec
I will be contributing to CPP not QPP and have Ontario tax deductions on my paystubs do I have to file a Quebec tax return?

I been working as a personal support worker privately to a client, She’s giving me check for payment and i depositing it to my bank account.
My question is:
1. Should i apply for income tax for it? what i earned doing private job?Im so confuse right now what to do. Hope you can help me about this. Thanks and more power.

Unfortunately, no expenses you incurred to assist your brother for his medical needs are deductible by you. Your brother can claim any related travel expenses he incurred, but not any related to you.

At age 71, RSPs are converted to RIFs. RIFs are designed so that an approximate equal amount will be distributed to you each year through age 95. You can estimate the annual RIF minimum withdrawal amount, once you reach 72, by dividing the total of your RSPs by 25.

Withdrawing RSPs prior to age 65 will not provide you with any taxable advantage… if you are dearly in need of the cash, and the RSP funds are not Locked-In, you do have the option to withdraw and be subject to the withholding tax level for the amount you withdraw. The only downfall here is that the annual RIF amount would be reduced.

If you are aged 65, but under 71, it would be advantageous to convert some of the RSPs into RIFs and then withdraw funds as you would also be able to claim the pension income deduction (if you have no other private pension income source).

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Thank you for such a fabulous site.

I have 2 questions:

1. I have accompanied my brother to out of town hospital location whilst he was having surgery. He had no one else to look after him. As a result I incurred hotel, meals, gas and parking charges. Am I able to claim these amounts for family care expenses?

2. I will receive a substantial amount of RRSPs when I reach the required age. Is it financially prudent to take these out before reaching the requisite age bearing in mind that my income is currently low?

Your mother can claim the loss under Section 50(1) of the Tax Act, but only the 20 shares and you MUST determine the value of those 20 shares at the time she acquired them.

When were the original 500 shares ‘disposed’? She would be able to claim that loss if she has a brokerage statement dated within the past five years.

Losses back in 1997 cannot be claimed as the date has passed the seven year limit for tax return revision.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

My mother lost money with the Bre-X fraud, however she neglected to record her losses at the time (1997) as she didn’t have any capital gains. She was not aware she could record such losses and carry them forward indefinitely for use against capital gains in future years.
As of December 2014, some 20 Bro-X shares were still listed in her holdings on her brokerage statements. She disposed of these shares, and others, before the end of the year through a “Deed of Gift” with her Brokerage. There was no book value attached to these 20 shares, but she originally received them as a “dividend in kind” based on her 500 Bre-X shares.
My question is: Can she include the cost of the original Bre-X shares to determine the adjusted cost base of the Bro-X shares she just disposed of through “Deed of Gift” in calculating a capital loss for 2014?
Thanks in advance for your reply.

Regardless of you leaving Canada without the intention to return, you may still be considered a tax resident and required to file tax returns in Canada. But even if you are a non-resident, if you have Canadian sourced income, you are required to file a Canadian tax return.

You state you have moved to the ‘Gulf’… whichever country you are living within the ‘Gulf’ certainly must have a tax treaty with Canada. Depending on the factual status of your tax residency with the country in the ‘Gulf’, you may be required to report your world-wide income or just your Canadian income on a Canadian tax return.

Cutting financial ties (bank accounts, credit cards, etc.) and cancelling your Drivers Licence and Health Card is a start. Only one last issue remains that continues to require you to file a Canadian tax return… you are married and your wife lives in Canada. Familial ties decide tax residency just as financial ties do. If you do not file a Canadian tax return reporting your worldwide income, she is required to do so on her Canadian tax return.

Plus, assuming your wife is 64, you and/or she may be in receipt of CPP and or OAS and this must be reported on a Canadian tax return; conditions apply.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Hi,
I am a Canadian left to the Gulf to work there. I certainly do not intend to come back to live in Canada. I do not have any ties in Canada (closed my bank account, have no driving licence, have no home, have no personal belongings, no social ties, …etc). Actually, the only tie I have is my Canadian passport.
Also, my wife (64 years old) did not decide yet whether to permanently leave Canada and come with me or stay with her son (who is 35 years old, lives and works in Canada).
My question is: am I considered none-resident?
What if my wife decided to stay in Canada?
Pls note that, regardless of my wife decision, I did permanently left Canada and have no intention to come back.
Appreciate your response.
Jay

Enter your income details into this calculator for your approximate answer:
https://lsminsurance.ca/calculators/canada/income-tax

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

If you have permanently moved to the US you would file a Canadian Return for the period from Jan – Nov and a US return for the rest of the year.

If you are maintaining your residency status in Canada, you would file the Canadian return for the full year with your world wide income and a US return for Nov to Dec 31 and you would get a Foreign tax credit for any US taxes paid.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

I’m originally from Toronto, Ontario, Canada, but moved to the U.S. at the end of November 2013. Do I fill out 2 tax returns, one in Canada, one in the U.S.?

To calculate your tax rate, you enter your net realtor business income into the calculator above.

All business related expenses are deductible from realtor business income.

Yes, our firm does provide tax planning and filing services for clients who are realtors.

For more information, please email us directly or through our web site link below.

There are no tax strategies for HST, other than track the correct amount for your income transactions and track every expense to maximise your input tax credits.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

I also wanted to ask if there were any tax strategies when collecting HST while paying HST on other business accounts.

I would like to know as a realtor, how can we calculate tax rate and what business expenses are tax deductible. Also, have you conducted tax planning and full tax services for realtors before

Your dad’s primary issue is not with the CRA as the purchase price should be readily available from the broker’s statement or historical records, but actually with the broker… depending upon the stock owned, you may require the certificates to sell the stock, unless the certificates have no value recorded on the broker’s statement.

Be sure to claim every potential cent in capital loss to cover current and future gains, but also because capital losses can be claimed against any income on your dad’s Final tax return (a much desired break for his estate).

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

Very good question!

Provincial tax residency is not as clear cut as it appears on the T1 tax return.

Quebec follows a more restricted manner of determining residency than other provinces and strictly enforces this.

As you lived in Quebec for nine months, you are a resident for tax purposes to Quebec for all world income earned during this time.

As for filing your tax return, you may have different options… you must file a Quebec Tax Return for the Quebec income; you must file a Federal T1 to report your total world-wide income for 2014, but you also have the opportunity to either report the BC income on the BC tax return or as Quebec income on the Quebec tax return.

We recommend you seek the services of a professional tax preparer with the knowledge and experie3nce of inter-provincial tax reporting requirements to reduce your tax liability.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

I recently moved to BC on October 20th, and started a new full-time permanent job. Previously, I was self employed in Quebec, for 9 months. I did not file for taxes from Quebec, nor did I have registration as self employed while I was working in Quebec.

The calculator above determines ANNUAL tax liability.

The result will be your annual tax liability rate.

To reduce it to your weekly rate, divide the amount by 52 weeks.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

I am on your site… I am trying to find what the off the top tax rate is for 20$ per hour @ 40 hours per week.

In advance, thank you.

This is a question you should be posing to your employer.

They may issue you a Canadian T4 or they may require you to obtain an US ITIN (tax number) and will require you to file an US tax return,

Best to get a handle on this before year end so you are not surprised.

I hope this has answered your question.

Regards,
Storoszko & Associates
Canadian & US Tax Specialists
https://www.storoszko.net
647 367 3477
Twitter: @Storoszko_Assoc

I am a Canadian citizen, residing and pays tax in Canada.
I work for a consulting company that services both clients in US and Canada. It is on commission basis.
The company now is telling me that they will pay in in US$ for US clients that I service from this time on, which I don’t mind. However, how does the filing of taxes works?
Before, they send me a T-4 for commission I received in Canadian dollars. Now, what forms they are suppose to send me, so that I can file my tax accordingly?
Looking forward to hearing from you.
Thanks,
MJ

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