Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Calculators TaxTips.ca
Canadian Tax and
Financial Information
TaxTips.ca Home

What's New

Links & Resources

Site Map / Navigation

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!

 

Home  ->  Canadian Tax Calculators

Canadian Financial and Income Tax Calculators

Let our free Canadian calculators assist you in your income tax planning and financial planning.  Our detailed income tax calculators include most deductions and tax credits, and can help you determine how much you should contribute to an RRSP to save income tax.

Canadian Income Tax Calculators - both detailed and simple, all provinces & territories

Employee Tools Deduction Calculator

US Estate Tax Calculator For Canadian Residents

TFSA, Retirement Income, RRSP and RRIF Withdrawal Calculators

Calculators re Debt / RRSPs

Investing Calculators

Printing Calculator Results

Calculators Looking Messed Up, or Not Working?

Retaining Data in the TaxTips.ca Calculators

JavaScript Errors

Printing or other calculator problems, information re data retained by calculators - see notes at bottom of page.

Canadian Income Tax Calculators

Detailed Canadian Income Tax and RRSP Savings Calculators

The detailed income tax calculators include the calculation of most available deductions and tax credits for single person or couple.  They also show how much you will save from your RRSP contribution.

Detailed Canadian Income Tax and RRSP Savings Calculators

  - For all provinces and territories except Quebec, for 2008 to 2025 tax years.

Detailed Quebec Income Tax and RRSP Savings Calculators

Available for the 2009 to 2025 tax years.

Basic Canadian Income Tax Calculator (Enhanced) - 2025 and earlier years

bulletSuper simple, includes only basic personal exemption and dividend tax credits, no deductions.
bulletHas tabs for Original and Revised, with a Compare tab to display original and revised results for any province or 2 different provinces.
bulletGreat tool for tax practitioners and financial planners!

Investment Income Tax Calculators

bulletFor all provinces.
bullet See the big difference in income taxes payable with different types of investment income.  See how total taxes can be reduced even as the OAS clawback is increased.

Employee Tools Deduction Calculator

Calculate the tradesperson's tools deduction and apprentice mechanic's tools deduction, as well as the adjusted cost of employee tools, and amount to include in income when tools are sold (if there has been a previous tool deduction taken for the sold tools).  See our article on Employee Tools Deductions for more information.

US Estate Tax Calculator

 

TFSA, Retirement Income, RRSP and RRIF Withdrawal Calculators

Annual Retirement Income Calculator

Input your investment total to see how long your money will last at different rates of return.

CPP Retirement Pension Calculator

The CPP retirement pension calculator will show you how much Canada Pension Plan (CPP) retirement pension you will collect, depending on the age at which you decide to start collecting.

TFSA vs RRSP Calculator

This calculator may help you decide which type of account is better for you.  If you're in the lowest tax bracket, TFSAs are the better choice!

RRSP/RRIF Withdrawal Calculator

Determine before-tax income, minimum withdrawals, how long your RRIF will last.  Use if you haven't yet transferred to a RRIF, also works for RRIFs already set up.

RRIF Withdrawal Calculator - discontinued

This calculator used RRIF factors which are no longer in effect.  The RRIF factors are now the same regardless of when the RRIF was created.  Use the above RRSP/RRIF Withdrawal Calculator.

Calculators re Debt / RRSPs

Loan and Mortgage Calculator

See how you can save interest.

Borrow for RRSPs Calculator

Should you borrow to contribute to RRSPs?

RRSP vs Mortgage Calculator

Should you pay down your mortgage, or contribute to an RRSP?

Investing Calculators

Net Worth Calculator

Monitor your financial progress.

Investment Income Tax Calculator

See the big difference in income taxes payable with different types of investment income.  See how total taxes can be reduced even as the OAS clawback is increased.

Rule of 72 Calculator

How long will it take to double your investment?  This calculator will tell you.

Borrow to Invest Calculator

See the advantages of borrowing to invest in stocks/ETFs.  Works for all provinces and territories, including Quebec.

Investment Return Calculator

What returns are you getting on your investments? For individual investment, or an investment account.

Present Value and Future Value Calculator

What do you need to invest today to achieve the desired amount in the future?

Printing Calculator Results

Print Function in Most Calculators

The Detailed Canadian Tax & RRSP Savings Calculator now uses a new Print feature, and the 2-page (you may have to reduce size to print on 2 pages) summary of results can be printed in colour with no ads.  If you want to print the results in colour, this definitely works in Chrome, Edge, Firefox and Vivaldi.  In Chrome, Edge or Vivaldi, once you click the Print button, choose More settings, and tick "Background graphics". The preview should change from black and white to colour.  Your printer or pdf printer settings should also be set to print in colour.

Most of our other calculators also now include the new print function.

Calculators Without New Print Function

You can either use the Print button of the calculator, or, depending on your browser, right-click and choose print preview, or use the browser print function.  If you use Chrome, Vivaldi, Edge or IE, the results should print properly.  Firefox at the moment seems to have a problem printing, and may not print all data.  If the results don't all print on one page width, from your browser menu do File Print, Preferences, Advanced, Fit to paper size. This setting may not be available for all printers.  You should also get to the same settings by choosing "Print using system dialogue" after clicking the Print icon in the calculator.  When in IE, there is also a printer icon at the top where you can choose Print, Print Preview, or Page Setup. In Page Setup, make sure "Enable Shrink-to-Fit" is ticked. However, I'm sure this was ticked already when the pages didn't all fit on the page for me.

Note re Internet Explorer:  You may have to use compatibility view to view and print some of our calculators properly.  If you see a blank screen, but find the calculator is there when you scroll down, try compatibility view.  Or, you could try Chrome or Firefox.  Chrome seems to load pages faster, and doesn't have a "back button" problem.

Calculators Looking Messed Up, or Not Working

If a calculator doesn't seem to be working for you, or looks messed up, please clear your browser cache and try again.  In Chrome: hold down the ctrl and shift keys, then touch the delete key, select cached images and files to be cleared, set the time range (longer is better) then click clear data.  This usually has to be done if there has been a significant change in a calculator, sometimes has to be done for a minor change.

Retaining Data in the TaxTips.ca Calculators

Our calculators will retain your data for the next time you use them - if you don't want this to happen (perhaps you're on a public computer), click the Reset button before closing the web page.  If you want the information to be retained, ensure that your browser is set appropriately:

bulletChrome - Settings, Privacy & Security, Site Settings: Don't have "Block all cookies" or "Block third-party cookies" ticked.  Block third-party cookies in Incognito can be ticked and not cause problems.
bulletFirefox - Settings, Privacy & Security
bulletUnder History where it says "Firefox will:", change to "Use custom settings for history".  
bullet Then make sure that "Remember search and form history" is ticked.
bulletMake sure that Clear history when Firefox closes is NOT ticked, 
bulletUnder Cookies and Site Data, make sure "Delete cookies and site data when Firefox is closed" is NOT ticked, or else tick this and open Manage Exceptions to add https://www.taxtips.ca.

Tip:  Create a Chrome new profile to save 2 sets of data from a calculator.

If you are using a calculator for more than one person, in Chrome you can create a 2nd profile (or more) for that person, so that the data for each person will be remembered.  To do this, just click on your profile photo near the top right of your screen, and click Add, to add a new profile.

JavaScript Errors

JavaScript errors - if you are getting a JavaScript error when you open one of our calculators, it is not likely that the calculator will work properly.  See How to enable JavaScript in Windows.

Revised: November 29, 2024

 

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.