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Tax planning

Canadian Income Tax Estimate

Estimate your 2026 income tax, Canada Pension Plan (CPP) contributions and Employment Insurance (EI) premiums. Enter totals for the full 2026 tax year.

Update estimate Results

Canadian Income Tax Estimate inputs

Your inputs

Province or territory where you live on December 31

Age

years

Yearly employment income before tax

$ CAD

Your yearly pay before income tax and payroll deductions.

Net self-employment income

$ CAD

Business income after business expenses, before personal income tax. Losses are not supported.

Investment and pension income

Realized capital gains

$ CAD

Your full gain on investments or property sold. Do not enter the sale price or only the taxable portion.

Eligible Canadian dividends

$ CAD

Enter the actual Canadian dividends received, before the tax gross-up. Use the dividend type shown on your tax slip.

Non-eligible Canadian dividends

$ CAD

Enter the actual Canadian dividends received, before the tax gross-up. Use the dividend type shown on your tax slip.

Other taxable income

$ CAD

Include interest, RRSP withdrawals or other ordinary taxable income. Do not repeat income entered elsewhere.

Other taxable pension income

$ CAD

Enter the yearly amount before tax. Age and pension-income tax credits are excluded from this estimate.

Canada Pension Plan (CPP) income received

$ CAD

Enter the yearly amount before tax.

Old Age Security (OAS) income received

$ CAD

Enter the yearly amount before tax. Any OAS repayment is calculated separately.

Deductions and tax paid

RRSP deduction you plan to claim

$ CAD

The Registered Retirement Savings Plan deduction you plan to claim, within your available deduction limit.

First Home Savings Account (FHSA) deduction

$ CAD

The deduction you plan to claim for eligible cash contributions. Do not include transfers from an RRSP.

Other eligible net-income deductions

$ CAD

Include only deductions that reduce net income for tax purposes. CPP deductions are calculated for you. Deductions that reduce taxable income only are not supported.

Income tax already paid

$ CAD

Include tax taken off your income and instalment payments. Exclude CPP and Employment Insurance deductions.

Your inputs stay in your browser.

Estimated 2026 income tax, including OAS repayments

$20,024Ontario · full-year resident

Federal income tax: $13,302
Provincial / territorial income tax: $6,723
OAS repayment: $0
CPP contributions from employment: $4,646
CPP contributions on self-employment income: $0
Employment Insurance (EI): $1,123
Taxable income: $98,873
Income tax as a percentage of income: 20.0%
Income after estimated tax, CPP and EI: $74,206
Estimated amount still owing: $20,024

This estimate excludes age, pension, spouse and dependant tax credits, plus many other credits and benefits. Your ordinary income tax may be lower, while alternative minimum tax and special circumstances could make the actual amount you owe higher.

Tax calculation breakdown · 2026 dollars
Item	Amount
Total income before tax	$100,000
Net income before OAS repayment	$98,873
CPP deduction	$1,127
Federal basic personal amount	$16,452
Provincial basic personal amount	$12,989
Provincial surtax	$26
Provincial reduction	$0
Ontario health premium	$750
Tax already paid	$0

Assumptions and sources

What this assumes

The estimate uses 2026 annual tax rules for your province or territory, rather than payroll withholding tables. It assumes you are single with no dependants, resident for the full year, and working in employment subject to standard CPP contributions all year, with no special status. Québec is not supported.

Making a contribution and claiming a tax deduction are different. Income after estimated tax, CPP and EI is shown before savings deposits; an RRSP or FHSA deduction is not subtracted as a new cash payment. The amount owing or overpaid includes self-employed CPP and subtracts the income tax you entered as already paid. It does not guarantee a tax refund.

This estimate assumes a single person with no dependants who is a Canadian resident for the full year. Use your province of residence on December 31. This is not a tax return or a refund confirmed by the CRA.

This estimate leaves out age and pension income tax credits, Ontario's low-income workers tax credit (LIFT), other provincial low-income and family tax reductions, refundable credits, alternative minimum tax, foreign tax credits, income splitting and effects on benefits other than OAS repayments.

You must qualify for the deductions entered and have enough contribution room where required. Savings deposits and other expenses are not subtracted from income after tax.

CPP assumes one employer for the full year, correct contributions and the same age category all year. Ages 65–69 are assumed to keep contributing; ages 70 and over do not contribute. The estimate does not adjust for a birthday during the year or transfers from the Quebec Pension Plan (QPP).

Enter self-employment income after business expenses. The estimate does not include optional EI coverage for self-employed people, losses, overpaid premiums or adjustments for having more than one employer.

Enter your positive net gains from sales; half is included in taxable income. For Canadian dividends, enter the actual cash received. Alternative minimum tax, capital gains exemptions and losses carried from other years are not included.

Sources

brackets — https://www.canada.ca/en/revenue-agency/services/tax/individuals/tax-rates-brackets/current-year.html
january — https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4127-payroll-deductions-formulas/t4127-jan/t4127-jan-payroll-deductions-formulas-computer-programs.html
july — https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4127-payroll-deductions-formulas/t4127-jul/t4127-jul-payroll-deductions-formulas.html
manitoba — https://www.gov.mb.ca/finance/taxation/pubs/bulletins/2025budget.pdf
cpp — https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/5000-s8.html
dividends — https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/completing-slips-summaries/financial-slips-summaries/return-investment-income-t5/t5-slip/completing-t5-slip.html
ontario Dividends — https://www.ontario.ca/page/ontario-dividend-tax-credit
ontario Order — https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/5006-c.html
british Columbia — https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/basic
capital Gains — https://www.pm.gc.ca/en/news/news-releases/2025/03/21/prime-minister-mark-carney-cancels-proposed-capital-gains-tax-increase
oas — https://www.canada.ca/en/employment-social-development/programs/pensions/pension/statistics/2026-quarterly-april-june.html
oas Repayment — https://www.canada.ca/en/services/benefits/publicpensions/old-age-security/repayment.html
oas Deduction — https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-23500-social-benefits-repayment.html
ei Refund — https://laws-lois.justice.gc.ca/eng/acts/E-5.6/section-96.html
quebec — https://www.revenuquebec.ca/en/businesses/source-deductions-and-employer-contributions/employers-principal-changes-for-2026/

These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.

Tax planning

Canadian Income Tax Estimate

Income after estimated tax, CPP and EI$74,206

Ontario · full-year resident

Federal income tax: $13,302
Provincial / territorial income tax: $6,723
OAS repayment: $0
CPP contributions from employment: $4,646

All bars use the same dollar scale. Money left after deductions can be zero or negative. Tax already paid and any amount owing or overpaid are not deducted again.

This yearly tax estimate leaves out many credits and special circumstances. Tax already paid and any estimated amount owing or overpaid are not deducted again from your income after tax.

Your estimate: Province or territory where you live on December 31: Ontario · Age: 40 years · Yearly employment income before tax: $100,000 CAD · Net self-employment income: $0 CAD. All inputs, results, yearly tables and sources follow.

These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.

Your inputs

These are the exact entries used for this calculation. Money amounts keep all the decimal places you entered.

Province or territory where you live on December 31: Ontario
Age: 40 years
Yearly employment income before tax: $100,000 CAD
Net self-employment income: $0 CAD
Realized capital gains: $0 CAD
Eligible Canadian dividends: $0 CAD
Non-eligible Canadian dividends: $0 CAD
Other taxable income: $0 CAD
Other taxable pension income: $0 CAD
Canada Pension Plan (CPP) income received: $0 CAD
Old Age Security (OAS) income received: $0 CAD
RRSP deduction you plan to claim: $0 CAD
First Home Savings Account (FHSA) deduction: $0 CAD
Other eligible net-income deductions: $0 CAD
Income tax already paid: $0 CAD

Complete result summary

Estimated 2026 income tax, including OAS repayments: $20,024

Federal income tax: $13,302
Provincial / territorial income tax: $6,723
OAS repayment: $0
CPP contributions from employment: $4,646
CPP contributions on self-employment income: $0
Employment Insurance (EI): $1,123
Taxable income: $98,873
Income tax as a percentage of income: 20.0%
Income after estimated tax, CPP and EI: $74,206
Estimated amount still owing: $20,024

Canadian planning models · 09653a0 · Report format 2026-10-15. All assumptions and sources are included below.

Tax calculation breakdown · 2026 dollars

Tax calculation breakdown · 2026 dollars · Total income before tax–Tax already paid · CAD · rows 1–9 of 9
Item	Amount
Total income before tax	$100,000
Net income before OAS repayment	$98,873
CPP deduction	$1,127
Federal basic personal amount	$16,452
Provincial basic personal amount	$12,989
Provincial surtax	$26
Provincial reduction	$0
Ontario health premium	$750
Tax already paid	$0

What this assumes

You must qualify for the deductions entered and have enough contribution room where required. Savings deposits and other expenses are not subtracted from income after tax.

What this assumes · continued

Important limit: This estimate excludes age, pension, spouse and dependant tax credits, plus many other credits and benefits. Your ordinary income tax may be lower, while alternative minimum tax and special circumstances could make the actual amount you owe higher.

These estimates are for learning and planning, not investment, insurance or tax advice. All amounts are in Canadian dollars. Results are rounded and are not guaranteed.

Sources

These sources support the calculation. Check the latest official guidance for your situation.

Canadian planning models · 09653a0 · Report format 2026-10-15

Sources · continued

These sources support the calculation. Check the latest official guidance for your situation.

ontario Dividendshttps://www.ontario.ca/page/ontario-dividend-tax-credit
ontario Orderhttps://www.canada.ca/en/revenue-agency/services/forms-publications/forms/5006-c.html
british Columbiahttps://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/basic
capital Gainshttps://www.pm.gc.ca/en/news/news-releases/2025/03/21/prime-minister-mark-carney-cancels-proposed-capital-gains-tax-increase
oashttps://www.canada.ca/en/employment-social-development/programs/pensions/pension/statistics/2026-quarterly-april-june.html
oas Repaymenthttps://www.canada.ca/en/services/benefits/publicpensions/old-age-security/repayment.html

Canadian planning models · 09653a0 · Report format 2026-10-15

Sources · continued

These sources support the calculation. Check the latest official guidance for your situation.

Canadian planning models · 09653a0 · Report format 2026-10-15

Estimates, not personal advice. Speak with an advisor.