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or click the Calculate button.
Choose your
province
AB
BC
MB
NB
NL
NS
NT
NU
ON
PE
SK
YT
Tax year
2011
To open links without
closing the calculator, right-click on the link and select open in new
window. Taxpayer Spouse
Birth year
Combined Taxes Payable
Birth month (needed for
CPP premiums if turning 18 or 70 during year)
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
Are you eligible to claim
the disability amount tax credit?
Y
N
Y
N
Spouse
Are you single? (must be
"N" to calculate spouse tax)
Y
N
Total
Are you eligible to claim
the working income tax benefit?
Y
N
Y
N
Information re dependent children and
eligible dependent tax credit
# 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
Taxpayer
Spouse
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
Y
N
Age of this child at the end of year (zero
if under 1)
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
OR other eligible relative
Y
N
Net income of dependent
claimed as equivalent to spouse
INCOME Taxable Income
Income
from: Taxpayer Spouse Taxpayer Spouse
Employment (T4 box 14)
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
Y
N
If you answered "N" above, please enter
the pensionable amount of your earnings, if any, below:
CPP pensionable earnings
Self-employment income (include business income/loss from
rentals)
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
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
Capital gains in excess of capital losses (zero if
negative)
Cdn dividends eligible for enhanced div tax credit
(T5 box 24)
Cdn non-eligible dividends (T5 box 10)
RRSP/RRIF withdrawals (when not eligible for
pension tax credit)
Other income (interest, foreign dividends, etc)
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
Workers' compensation
benefits (box 10 on the T5007 slip)
Social assistance
payments
Net federal
supplements (box 21 on the T4A (OAS) slip)
Workers'
compensation, social assistance and net federal supplements are included
above, and deducted below to arrive at taxable income.
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
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)
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
Any resulting additions to pension income
are shown here, and reductions to income are in deductions area.
After pension splitting - pension income eligible
for pension tax credit
Transfer of tax withheld from eligible pension
income: The tax deducted from
pension income should also be included in the "Total income tax
deducted" (at bottom).
Total tax deducted from pension income of
taxpayer
Total tax deducted from pension income of
spouse
Total income for
tax purposes - line 150
DEDUCTIONS Taxpayer Spouse
RRSP deduction
Other deductions (child care, interest expense,
etc.)
Deduction for elected split-pension amount
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
Workers' compensation, social assistance, net
federal supplements
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
TAX CREDITS (NON-REFUNDABLE UNLESS NOTED OTHERWISE)
Taxpayer Spouse
Public transit costs
*
Fed/BC/YT child fitness-max
$500 ea. age 16 or less, 18 or less for disabled
Max credit
is greater for disabled.
*
ON child activity-max $509 in
2011, more for disabled
*
MB fitness tax credit - max $500 for up to age 24
*
Fed/MB child arts - max $500 each age 16 or less, 18
or less for disabled
*
NS Sport/recreation
amounts - max $500 for each child age
17 or less
*
SK refundable active families
benefit-max $150 ea. ages 6 to 15
Federal first-time home buyers' tax credit (max
$5,000 per qualifying home)
Medical expenses-usually best
claimed by lower income spouse
Charitable donations-usually best claimed by higher
income spouse
*
These are not checked to ensure that the maximum
allowable amount is not exceeded.
*
Fitness and activity
credits can be split between spouses, are available to greater age for child
with disability (except MB, NS and SK), and double the amount is available
for child with disability (except NS and SK).
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.
Students
Taxpayer
Spouse
Student loan interest (can be carried forward up to
5 years)
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 ON or PE.
If moved to ON from QC use federal amount, otherwise use provincial
amount. 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
Federal 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
Part time
Full time
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
Provincial
Tax credits for age, pension, disability, and
child (except NS and PE child under 6) amounts are automatically transferred
to other spouse if unused.
TAXES AND PREMIUMS Taxpayer Spouse
Federal
Federal
Basic personal amount
Spouse/equivalent
Age amount (reduced above
certain income levels)
Senior supplementary (SK)
Dependent children under 18 (Fed, YT), SK under 19
Amount for children under 6 (NS, NU, PE) = UCCB
Family tax benefit (MB)
Employment credit amount (Fed/YT)
Pension amount
Disability amount
Public transit amount (Federal only and YT only)
Child fitness amount (Federal, BC, MB, YT), and NS
sport/recreation amount
Children's arts amount (Federal, MB)
Federal first-time homebuyers' amount
Employment insurance
CPP on empl earnings
1/2 CPP on self-empl earnings
Tuition, education and textbook amounts
Amounts transferred from spouse
Student loan interest (see bottom for amount
unused)
Medical expenses
Total amount for non-refundable tax credits (B)
Non-refundable tax credits @ (B) x
Donations tax credit
Enhanced dividend tax credit
Small business dividend tax credit
Total non-refundable tax credits (C)
Additional tax for alternative minimum tax (AMT)
Provincial surtax
Low income tax reduction
ON refundable children's activity credit / SK
active families benefit
Federal refundable medical expense supplement
Federal refundable working income tax benefit
Ontario health premium
Income tax payable
(refundable if negative)
Clawback payable re EI and OAS
CPP on self-employment income
Total payable
(refundable if negative)
Total income tax deducted (information
slips/instalments) - not CPP/EI
Transfer of withholding tax re pension splitting
Adjusted total income tax credits
Balance
payable (refund due if negative)
CPP paid on employment income
EI paid on employment income
Total taxes,
clawbacks, CPP/EI premiums
Net income before
taxes / before RRSP deduction
Net income after
taxes / before RRSP deduction
Tax savings re
RRSPs / Marginal tax rate (see note below)
Average tax rate
based on taxable income
= total taxes,
clawbacks, CPP/EI divided by taxable income
Avg tax rate based
on adjusted taxable income
Note: RRSP contributions
by one spouse may also reduce the taxes payable of the other spouse - this is
not reflected in the RRSP savings.
Unused student loan
interest
Alternative minimum tax (AMT) is estimated
based on available information.
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.