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Investment Income Tax Calculator for 2024 and 2025 for all Provinces & Territories Except Quebec
Quebec Investment Income Tax Calculator for 2024 and 2025
Above links will open calculators in new windows.
Major calculator changes for 2024/2025 in the calculator that excludes Quebec:
 | alternative minimum tax changes effective January 1, 2024 |
| capital gains inclusion rate change effective June 25, 2024 - when legislation is available for this change, the calculator may have to be revised. |
If the calculator or the print page appears messed up after a change, clear your cached images and files. As a last resort, a reboot of your computer may be needed.
The purpose of these calculators is to show the big difference in taxes payable on different types of investment income. Even when the age credit and Old Age Security are clawed back, Canadian dividends and capital gains result in the least taxes payable when compared to other types of income such as foreign dividends and interest. To compare a couple of scenarios side by side, open the calculator by clicking the link above (the calculator will open in a new tab), then come back to this page, right click on the above link, and select "Open in a new window". You now have 2 instances of the calculator open so that you can compare the results.
Keep in mind that the gross-up on Canadian dividends can cause some government benefits to be reduced.
You can also see comparisons of the taxes on eligible dividends vs other types of interest, for every province and territory, both for seniors and non-seniors. See our Tax Comparisons article.
You input the amount of income from
| Old Age Security |
| Canada Pension Plan or Quebec Pension Plan |
| Capital gains before the June 25, 2024 inclusion rate change |
| Capital gains on or after June 25, 2024 (not yet in the QC calculator) |
| Canadian eligible dividends |
| Canadian non-eligible dividends |
| RRSP or RRIF withdrawals (don't include RRIF withdrawals if your age is 65+ |
| Other income, including foreign dividends, interest income, etc. |
| Pension income that is eligible for the pension income tax credit. Include RRIF withdrawals here if your age is 65+ |
What will it show you?
| Total actual income and total taxable income |
| Taxes payable (federal plus provincial) before OAS clawback |
| OAS clawback |
| Total federal and provincial taxes payable |
What is included in the calculations?
| applicable tax credits that are included in the Canadian Tax Calculator or Quebec Tax Calculator |
Use the area where you can enter the current tax results, then shift income to a different type, and see the difference in taxes payable. Shifting income from other income, such as interest, to Canadian dividends will reduce the total taxes payable even when the OAS clawback increases.
To see tax rate tables for each province, go to the Tax Rates page.
If you would like a more detailed calculator into which you can also input employment and self-employment income, and which will show you how much you can save by making an RRSP contribution, see our more detailed Canadian Tax Calculator, and Quebec Tax Calculator.
Check out our other calculators.
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Revised: December 12, 2024