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
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
SK
YT
Choose tax year
2024
2025
Taxpayer
Spouse
Combined
Taxes Payable
Birth Year and Month
(year needed for age & pension credits, month for CPP premiums)
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
Taxpayer
Spouse
Are you eligible to claim the disability
amount tax credit?
Y
N
Fed
Are you single? (must be
"N" to calculate spouse tax)
Y
N
Are you eligible to claim the Canada
Workers' Benefit (CWB)?
Y
N
Total
Amount of
Advance Canada Workers' Benefit (ACWB) received in the year (RC210 boxes
10+11)
<- Grand Total
Instalments paid & taxes withheld are
entered near bottom of the calculator, to arrive at balance payable
(positive) or refund due (negative).
Less Paid
Do you have
dependants or caregiver credits to claim, or disability transfer from
dependant?
Y
N
Bal/Refund
<-Total payable/refund
INCOME
Taxable Income
Income
from:
Federal Line#
Taxpayer
Spouse
Taxpayer
Spouse
Employment (T4 box 14)
10100/10400
Are you required to pay EI
premiums on ALL the above earnings (up to annual max)?
Y
N
Y
N
If you answered "N" above, please enter
the insurable amount of your earnings, if any, below:
EI insurable earnings
Are you required to pay CPP
contributions on ALL the above earnings (up to annual max)?
Y
N
If you answered "N" above, please enter
the pensionable amount of your earnings, if any, below:
CPP pensionable earnings
Employment insurance regular
benefits (EI) (T4E box 15, if rate in
box 7 is 30%)
Old Age Security (OAS) (T4A(OAS) box 18)
11300
CPP/QPP retirement or disability pension (T4A(P)
box 20)
11400
# months in year collecting CPP pension
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
If you are 65 to 70 and collecting CPP, please
indicate the # of months, if any, for which
you are
electing to NOT make CPP contributions in the year
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
Self-employment income
(include bus. income/loss from rentals)
13500-14300
CPP pensionable self-employment earnings
Capital gains in excess of
capital losses (zero if negative) - actual, not taxable
pre-Jun 25/24
If tax year is 2025, ALL capital gains are
included in taxable income at a 50% inclusion rate for first $250k, then 66
2/3% inclusion rate
post-Jun 24/24
If tax year is 2025, all taxable capital
gains are included in post-Jun 24/24 taxable capital gains.
Enter ACTUAL amounts
of dividends received:
Cdn dividends eligible for
enhanced div tax credit (T5 box 24)
Actual divs
Cdn non-eligible dividends (T5
box 10)
Actual divs
RRSP/RRIF withdrawals (when not eligible for
pension tax credit)
First Home Savings Account (FHSA) withdrawals when
taxable
Other income (EI special benefits, interest,
foreign dividends, some pensions, etc)
Pension income (eligible for
pension tax credit for persons 65+, pension splitting)
Qualified pension income
(eligible for pension credit, pension splitting for any age)
Both Pension income
and Qualified pension income are eligible for pension splitting. - 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.
Workers' compensation
benefits (box 10 on the T5007 slip)
14400
Social assistance
payments
14500
Net federal
supplements (box 21 on the T4A (OAS) slip)
14600
Workers'
compensation, social assistance and net federal supplements are included
above, and deducted below to arrive at taxable income.
NS Seniors with GIS income on
line 146 and provincial taxes payable on line 428 may get a refund of tax.
Subtotal
Do you want to claim the Non-Business Foreign Tax
Credit?
Y
N
<-cancel changes below before changing Y
to N
For more
information see:
Non-Business Income Foreign
Tax Credit Instructions
Taxpayer
Spouse
Do not include any income earned by you from operating a
business in a foreign country.
Net foreign non-business income included in income,
net of s. 20(11) deduction
A
Non-business income tax paid to a foreign country
B
Foreign withholding tax in
excess of 15% included in non-business income tax
above
0
C
0
<- s. 20(11)
deduction
Net foreign non-business income = A - C - D
Non-business income tax for foreign tax credit
calculation = B - C - D
Federal
Federal
Basic Federal Tax for foreign tax credit
calculation
Amount of foreign tax not recovered by foreign tax
credit (s. 20(12) deduction) - amount "A"
To claim amount "A" (this reduces your
FTC if "A" is zero) as a s. 20(12) deduction, input it here->
D
Do you have pension income that you would like to
split?
Y
N
<-cancel changes below before changing Y
to N
Pension splitting - maximum allowable is 50% of
eligible pension income. Make sure
birth year entered for both Taxpayer and Spouse.
For more
information see:
Pension Splitting
Taxpayer
Spouse
Number of months married or living common-law
0
1
2
3
4
5
6
7
8
9
10
11
12
A.
Total pension income eligible for pension tax
credit (based on age)
Only income that is entered as Pension income or Qualified
pension income above is eligible for pension splitting and included here.
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 Line 11600
$ from taxpayer to spouse
$ from spouse to taxpayer
Any resulting additions to pension income
are shown here, and reductions to income are in deductions area on Line 21000
below.
After pension splitting - pension income eligible
for pension tax credit
Transfer of tax withheld from pension
income that is eligible for pension splitting :
The tax deducted from pension income should
also be included in the "Total income tax deducted" (at
bottom).
Total tax withheld from pension income (A above) of taxpayer
Total tax withheld from pension income (A above) of spouse
Total income for
tax purposes - line 15000
DEDUCTIONS
Taxpayer
Spouse
RRSP deduction (not checked to see if exceeding max)
20800
First Home Savings Account
(FHSA) deduction (not checked except max $16,000)
20805
Other deductions (RPP, union dues, interest
expense, etc.)
Child care costs - not checked to see if exceeding
limits
21400
Deduction for elected split-pension amount
21000
Deduction for enhanced CPP
contributions on employment income
22215
Deduction for enhanced CPP contributions on
self-employment income
22200
Deduction for 50% of CPP contributions on
self-employment income
22200
S. 20(11) deduction re foreign w/h taxes in excess
of 15% (input above)
23200
S. 20(12) deduction re foreign w/h taxes not
recovered by foreign tax credit
23200
Net income before
adjustments (for calculation of clawbacks, zero if negative) - Line 23400
Clawback of EI and OAS including Net Federal
Supplements
23500
Clawback of Canada Recovery
Benefit (CRB)
23500
Net income for
tax purposes - Line 23600
Workers' compensation, social assistance, federal
supplements deduction
25000
Net capital losses of other
years - check inclusion rate, adjust amount if needed
25300
Non-capital losses of other years
25200
Northern residents deduction -
not checked - use Form T2222
25500
Taxable income
(zero if negative) - Line 26000
Less dividend gross-up
Add back non-taxable portion of capital gains less
capital losses carried forward
Add back deductions for
regular & enhanced CPP contributions (treated as another tax for the
average tax rate calculation)
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
TAX CREDITS (NON-REFUNDABLE AND REFUNDABLE)
Click on links for more information on each tax
credit
Taxpayer
Spouse
*
Public transit costs: ON only,
for 66+ in year, refundable
Digital news subscriptions to
QCJOs (Fed, max $500) Line 31350
Child/Adult/Family
Fitness and Arts Amounts
*
YT refundable child fitness -
max $1,000 each up to age 16 (18 if disability, max $1,500 each)
*
MB fitness tax credit - max $500 for up to age 24,
max $1,000 for under 18 with disability
*
NL refundable physical
activity credit - max $2,000 per family
*
SK Active Families Benefit
(100% refundable) max $150 child under 18, $200 each if disability
*
NS Children's Sports and Arts
Tax Credit (refundable) max $500/child under 19
*
MB/YT child arts
Adoption expenses: #children
adopted | total costs (can be split)
Home Buyers / Home
Renovations / Renters
Federal first-time home
buyers' tax credit (max $10,000 per qualifying home)
Federal home accessibility tax
credit (max $20,000)
Federal multigenerational home
renovation tax credit (max $50,000)
SK first-time home buyers' tax credit (max $10,000
per qualifying home)
BC Seniors home renovation tax credit - refundable
(max $10,000 per home)
NB Seniors home renovation tax
credit - refundable (max $10,000 per home)
BC Refundable Renter's tax credit - are you
eligible?
Y
N
Current year
tuition/education transfer from 1 or more children or grandchildren
*
Transfer of current year
Federal tuition/education amounts to parent/grandparent
Maximum transfer $5,000 per student
*
Transfer of current Provincial tuition/education
amounts to parent/grandparent
*
These are not checked to ensure that the maximum
allowable amount is not exceeded, but ON seniors' transit amount is checked
for age.
Political
Contributions
Federal political
contributions
Provincial political
contributions
Medical Expenses /
Charitable Donations
Medical expenses-usually best
claimed by lower income spouse
Donations-usually best claimed
by higher income spouse
Donations carried forward from prior years
Donations in current taxation year
Max donations = 75% of net income. Does not
account for % increase re donated capital property.
Fitness and activity
credits can be split between spouses, are available to greater age for child
with disability
(except MB), and
double the amount is available for child with disability.
Medical and donations can be claimed by either spouse-see which
one works best.
Medical expenses
can be claimed for any 12 month period ending in the tax year.
Homebuyers' tax
credit can be shared by spouses - see what works best.
Tax credits for age, pension, disability, and family caregiver
for infirm minor children (Fed/YT) are automatically transferred to other
spouse if unused.
Do you want to claim student loan interest,
tuition, or education/textbook amounts?
Y
N
<-cancel
changes below before changing to N
Students
Taxpayer
Spouse
Student loan interest (can be
carried fwd up to 5 years)
31900
Unused tuition/education/text
amounts from prior year:
Federal
Provincial
Resident of different province at the previous
year end - use the federal unused tuition/education/textbook amount as the
provincial amount, unless moved to AB, ON or PE. If moved to AB or ON from another province
you CANNOT claim unused tuition and education amounts. If moved to PE from QC use federal amount,
otherwise use lower of federal or provincial amounts.
Disabled students - claim full time months for
part time months enrolled.
Eligible tuition fees
Canadian educational institutions T2202
Sch 11 line 2
Foreign educational institutions T2202
Sch 11 line 8
Provincial education /
textbook amounts
Part time- # of months
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
Full time - # of months
0
1
2
3
4
5
6
7
8
9
10
11
12
0
1
2
3
4
5
6
7
8
9
10
11
12
Do you want to claim the
Canada training credit?
Y
N
Y
N
Amount from Sch 11 Line 2 x 50% (A)
Canada training credit limit for the year - from
Notice of Assessment (B)
Amount to claim -
up to lesser of A or B
Unused
tuition/education/textbook amounts before transfers to spouse
Federal
Provincial
Maximum allowable
transfer from spouse
Federal
Provincial
Unused amounts to transfer from spouse
Federal
These transfers
show as part of "Amounts transferred from spouse".
Provincial
TAXES AND PREMIUMS
Taxpayer
Spouse
See Tables of Non-Refundable
Tax Credits
Federal
Federal
Basic personal amount (Fed, NS
& YT reduced above certain income levels) Line 30000
Age amount (reduced above
certain income levels) Line 30100
Spouse/equivalent, plus family
caregiver amt (Fed/YT) if applicable Line 30300/30400
Can. caregiver
amt for spouse (Fed/BC/YT), or eligible dep. age 18+ (Fed/BC/ON/YT) Line
30425
Note that line
30425 is reduced by any amount claimed on lines 30300/30400
Canada/BC/ON/YT Caregiver amount age 18+ Line
30450
Family caregiver amount for infirm minor children
Line 30500 (Fed/YT)
Amount for infirm dependants age 18+ (other than
Fed/BC/ON/YT) Line 58200
Caregiver amount (other than Fed/BCON/YT) Line
58400
SK dependent children under 19 Line 58210
Senior supplementary (SK) Line 58220
Amount for children under 6 (NS, NU, PE) Line
58230
Family tax benefit (MB) Schedule MB428-A Line
61470
Employment insurance Lines 31200
CPP on empl earnings
(excluding Enhanced CPP deducted above) Line 30800
1/2 CPP on self-empl earnings (excluding Enhanced
CPP deducted above) Line 31000
Pension amount Line 31400
Canada employment credit amount (Fed/YT) Line
31260
Child care costs (NL only) Line 58320
Child fitness (MB) Line 58325
Children's arts amount (MB, YT) Line 58326
Adoption expenses Fed Line 31300,
AB/BC/MB/NL/ON/YT Line 58330
Fed/SK first-time homebuyers' amount Line 31270
Federal digital subscription tax credit for QCJOs
Federal home accessibility tax credit Line 31285
Disability amount for self Line 31600
Disability amount transferred from a dependant
Line 31800
Tuition, education and textbook amounts Line 32300
Tuition /education amounts transferred from a
child/grandchild Line 32400
Amounts transferred from spouse Schedule 2 Line
32600
Medical expenses Line 33099
Student loan interest (see bottom for amount
unused) Line 31900
Subtotal for non-refundable tax credits (B) Line
33500
Line 33800 Non-refundable tax credits @ (B) x
Donations tax credit Schedule 9 Line 34900
Total non-refundable tax credits before dividend
tax credits Line 35000 (C)
Tax subtotal before dividend tax credits (A) - (C)
Ontario provincial surtax
Dividend tax credit for eligible dividends Line
40425
Dividend tax credit for non-eligible dividends
Line 40425
Foreign tax credit Line 40500
Less minimum tax
carryover (enter as positive)-only used if zero AMT current year
Non-refundable federal political contribution tax
credit Line 41000
Additional tax for minimum tax purposes
Non-refundable provincial political contribution
tax credit Line 65
Fed Line 41700 (or AMT, whichever is more, zero if
negative) / Prov add'l tax
Advanced CWB (ACWB) - amount rec'd entered at top -
can't exceed current year CWB below
Fed Line 42000 Net federal tax
Prince Edward Island provincial surtax (2023 only)
Tax reduction - non-refundable, can't exceed tax
prior to reduction
ON low income individuals and families tax (LIFT)
credit - non-refundable
NS age tax credit for low income seniors -
non-refundable
Ontario health premium
Provincial
or territorial tax (zero if negative) Line 42800
BC/NB seniors refundable home reno tax credit
ON/NU refundable political contribution tax credit
ON refundable seniors' public transit tax credit,
if age 66+ in tax year
ON refundable CARE childcare
credit
ON refundable seniors' care at
home tax credit (age 70+, based on medical expenses)
YT refundable child fitness tax credit
NL refundable physical activity tax credit
SK refundable Active Families Benefit
NS refundable sports and arts tax credit
BC refundable renter's tax credit
Federal refundable medical
expense supplement Line 45200
Federal refundable Canada Workers Benefit Schedule
6 Line 45300
Federal Canada Training Credit Schedule 11 Line
45350
Federal multigenerational home renovation tax
credit (MHRTC) Line 45355
Other refundable tax
credits for any province or territory:
Enter the
amount of the credit as a NEGATIVE amount (not checked)
Income tax payable (refundable if negative)
Clawback payable re EI and OAS and CRB
Line 42200
CPP & enhanced CPP payable on self-employment
income
Line 42100
Total taxes, clawbacks & CPP (refundable if
negative)
before
deducting taxes paid
Total income tax deducted (information
slips/instalments) - not CPP/EI premiums
include all
income tax paid
Transfer of withholding tax re pension splitting
Adjusted total income tax credits
Balance payable (refund due if negative) after
above payments/credits
Summary of Total
Taxes, Clawbacks, CPP & EI for Average Tax Rate Calculation
Taxpayer
Spouse
Clawback payable re EI and OAS and CRB
CPP & enhanced CPP payable on self-employment
income
CPP & enhanced CPP paid on employment income
EI paid on employment income
Total taxes,
clawbacks, CPP/EI premiums
Tax savings re
RRSPs + FHSAs / % tax savings - see note below re marginal tax rate
Adjusted taxable
income for avg tax rate calculation
Average
tax rate based on adjusted taxable income
= total taxes
& clawbacks (not CPP/EI )
divided by adjusted taxable income
Notes: To determine your
marginal tax rate put your actual RRSP + FHSA deductions into "Other
deductions", and enter $10 in the RRSP deduction field. The % tax savings is your marginal tax
rate. Trying to compare to the tax rate tables? See the Tax Tip above the tax
rate table for your province.
Unused student
loan interest
Donations in
excess of 75% of net income - carry forward
Alternative minimum tax (AMT) is estimated based
on available information. Individuals
who may be subject to AMT, or who do not have a simple tax situation, should
be seeking advice from a tax lawyer or CPA tax specialist.
This calculator is intended to be used for
planning purposes. It does not include
every available tax credit. We strive
for accuracy, but cannot guarantee it.Increased inclusion rate for
capital gains has been included, but when legislation is passed, changes may
be required.