TaxTips.ca
Canadian Tax and
Financial Information
  Canadian Tax Calculator  

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Type amounts into yellow cells. Tab or use your mouse to click on the next cell.
Amounts are recalculated automatically when you tab out of a cell or click elsewhere with your mouse, or click the Calculate button.
    Choose your province   Choose tax year  
      Taxpayer   Spouse    
Birth year     Combined Taxes Payable
Birth month (needed for CPP premiums if turning 18 or 70 during year)     Taxpayer
Are you eligible to claim the disability amount tax credit?     Spouse
Are you single? (must be "N" to calculate spouse tax)   Total
Are you eligible to claim the working income tax benefit?      
Information re dependent children
# children age 16 or less at Dec 31 of tax year -born  
# children age 17 at Dec 31 of tax year -born # children age 18 at Dec 31
Total # children age 17 or less at Dec 31 Total # children age 18 or less at Dec 31
If not single, claim Federal child amount tax credit on the return of
  If eligible, claim the equivalent to spouse (eligible dependent) tax credit for ONE of the following dependents:
child age 18 or less at the end of year Age of child end of year
  other eligible relative      
Net income of dependent claimed as equivalent to spouse
Income information Taxable Income
Income from:   Taxpayer   Spouse   Taxpayer   Spouse
  Employment      
  Are you required to pay employment insurance (EI) premiums on the above earnings?        
  Self-employment      
  Universal child care benefit:              
  - will be claimed by spouse with lower "net income before adjustments"      
  Employment insurance benefits (EI)      
  Old Age Security (OAS)      
  CPP retirement or disability pension      
  # months in year collecting CPP pension        
  Capital gains in excess of capital losses (zero if negative)      
  Cdn dividends eligible for enhanced div tax credit (public companies)      
  Cdn dividends eligible for small business div tax credit (CCPCs)      
  RRSP/RRIF withdrawals (when not eligible for pension tax credit)      
  Other income      
  Pension income (eligible for pension tax credit for persons 65+)      
  Qualified pension income (eligible for pension credit for any age)      
  Qualified pension income (eligible for pension tax credit even if taxpayer is under 65) includes
- life annuity payments from a superannuation or pension plan
- pmts from a RRIF, or annuity pmts from an RRSP or from a DPSP, received as a result of the death of a spouse or common-law partner.
Total income for tax purposes - line 150  
 
Pension splitting - maximum allowable is 50% of eligible pension income. Make sure birth year entered for both Taxpayer and Spouse.
  Number of months married or living common-law
A. Total pension income eligible for pension tax credit (based on age)        
  Maximum pension amount transferable (50% x A/12 x #months married)        
  Amount that you are electing to transfer - from taxpayer to spouse  
  Amount that you are electing to transfer - from spouse to taxpayer          
  Transfer of pension income $ from taxpayer to spouse      
    $ from spouse to taxpayer      
                 
  After pension splitting - pension income eligible for pension tax credit        
  Transfer of tax withheld from eligible pension income:      
  Total tax deducted from pension income of taxpayer        
  Total tax deducted from pension income of spouse              
Deductions Taxpayer   Spouse
  RRSP deduction      
  Other deductions      
  Deduction for 50% of CPP on self-employment income    
Net income before adjustments (for calculation of clawbacks, zero if negative) - line 234  
  Clawback of EI and OAS        
Net income for tax purposes - line 236  
  Net capital losses of other years (after Oct 17, 2000)      
  Non-capital losses of other years      
Taxable income (zero if negative) - line 260  
  Less dividend gross-up  
  Add back non-taxable portion of capital gains less capital losses carried forward  
  Add back clawbacks (the clawbacks are treated as another tax for the average tax rate calculation)  
Adjusted taxable income (zero if negative) for average tax rate calculation at bottom  
NON-REFUNDABLE TAX CREDIT INFORMATION  
  Taxpayer   Spouse    
  Public transit costs      
  Child fitness amounts Fed/MB/YT- max $500 for each child age 16 or less