Best Planners Inc.

Canadian income tax estimator

Estimate your 2026 federal and Ontario tax, CPP, and EI — and see your after-tax income.

Your income details

Province

$0$500,000
net of business expenses
$0$500,000
50% inclusion rate applies
$0$500,000
Canadian public companies
$0$200,000
Canadian private corporations
$0$200,000
reduces taxable income
$0$41,810
rental, foreign, pension, etc.
$0$200,000
withheld at source or instalments
$0$200,000

Federal and Ontario/Alberta tax brackets, CPP, CPP2, and EI rates from the 2026 data. Capital gains use the 2026 inclusion rate (50%). Eligible and ineligible dividends use the 2026 federal and provincial dividend tax credit rates. Does not account for non-refundable credits beyond the basic personal amount, Quebec EI rates, or provincial benefit programs (Ontario Trillium Benefit, etc.). This is an estimate for illustrative purposes only — consult a tax professional before filing.

Tax year

Select a second year to compare side by side

Total income$85,000
Total tax$16,230
Federal income tax$11,318
Ontario provincial tax$4,912
Payroll deductions$5,770
CPP contribution$4,230
CPP2 contribution$416
EI premium$1,123
After-tax income$63,001

Average tax rate

19.1%

income taxes only

Marginal rate

29.6%

on next dollar earned

RRSP tip: Contributing $15,300 to your RRSP could reduce your tax bill by ~$4,536. Calculate your refund →

Want to legally reduce your tax bill?

Jatinder can show you how RRSP contributions, income splitting, and investment accounts work together to cut what you owe.

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