The calculator factors in the following premiums, deductions and credits: (i) Canada employment amount, (ii) federal and provincial basic personal amounts (including enhanced BPA), (iii) CPP / QPP and related deductions, (iv) EI and related deductions, and (v) QPIP and related deductions. Please note the calculator does not factor in Federal alternative minimum taxes or the Federal Canada Workers Benefit (which can reduce tax for eligible low-income taxpayers).
This calculator is provided as a reference tool to estimate approximate tax liabilities. Personal tax circumstances vary and individual tax planning should be performed with an accredited professional.