Income Tax Calculator

Calculate your Canadian income tax based on your income, province, and deductions.

Income Details

Enter your income details to calculate your income tax.

Annual Income$75,000

Province

Tax Year

RRSP Contribution$6,000

Employment Income

Self-Employed

Other Deductions$0

Non-Refundable Tax Credits$0

Tax Calculation Results

Your estimated income tax breakdown based on your inputs.

Annual Take-Home Pay

$51,587

Monthly: $4,299

Bi-weekly: $1,984

Total Income Tax

$12,656

Federal Tax:$8,960

Provincial Tax:$3,696

CPP/EI Contributions

CPP/QPP:$3,754

EI:$1,002

Tax Rates

Marginal Tax Rate:29.65%

Average Tax Rate:18.34%

Taxable Income:$69,000

About Canadian Income Tax

Canada has a progressive tax system, meaning that you pay a higher percentage of tax on higher portions of your income. Both the federal government and provincial/territorial governments impose income taxes.

The basic personal amount is a non-refundable tax credit that can be claimed by all individuals. This amount is the threshold below which income is not taxed.

Registered Retirement Savings Plan (RRSP) contributions are tax-deductible, reducing your taxable income for the year. The annual RRSP contribution limit is 18% of your previous year's earned income, up to a maximum amount ($30,780 for 2023).

The Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) and Employment Insurance (EI) premiums are mandatory contributions for most Canadian workers. Self-employed individuals must pay both the employer and employee portions of CPP/QPP but are exempt from EI premiums.