What tax year does this calculator cover?

This calculator uses 2024 CRA federal income tax brackets: 15% on the first $55,867; 20.5% on $55,867–$111,733; 26% on $111,733–$154,906; 29% on $154,906–$220,000; and 33% on income over $220,000. The Basic Personal Amount is $15,705.

What is the Basic Personal Amount?

The Basic Personal Amount (BPA) is a non-refundable tax credit that reduces federal tax payable. For 2024 it is $15,705. It is applied as a credit at the 15% rate (= $2,355.75), which directly reduces the tax you owe rather than reducing taxable income.

How are CPP contributions calculated?

For 2024, employee CPP contributions are 5.95% on employment earnings between the Year's Basic Exemption ($3,500) and the maximum pensionable earnings ($68,500). The maximum annual CPP contribution is $3,867.50.

How are EI premiums calculated?

EI premiums for 2024 are 1.66% on insurable earnings up to the maximum insurable amount of $63,200, giving a maximum annual EI premium of $1,049.12. Quebec residents pay a lower EI rate of 1.32% due to the provincial parental insurance plan.

Does this include provincial income tax?

No. This calculator covers federal income tax only. Provincial and territorial tax rates range from about 4% to 21% depending on the province and income level. Add your province's tax estimate for a complete picture of your total tax liability.

How does the RRSP deduction work?

RRSP contributions reduce your net income before federal tax is calculated. The RRSP deduction field in this tool subtracts your contribution from gross income before applying tax brackets, simulating the deduction you claim on your T1 return. The actual deduction limit is 18% of your prior-year earned income, up to $31,560 for 2024.

Canada Income Tax Calculator

Name: Canada Income Tax Calculator
Availability: InStock
Author: Nham Vu

Enter your gross income to instantly estimate your 2024 Canadian federal income tax, CPP contributions, EI premiums, and net take-home pay.

Your Income Details

Gross Employment Income

RRSP Contribution (optional)

Reduces net income before federal tax is applied.

Federal tax only. Provincial/territorial tax is calculated separately — see your province's estimator for a full picture.

Based on 2024 CRA federal tax brackets. Employment income only. Does not include provincial tax, investment income rules, or tax credits other than the Basic Personal Amount.

Gross Income

$75,000

Federal Tax

CPP + EI

Take-Home

Annual vs Monthly Breakdown

Item	Annual	Monthly
Enter your income above and click Calculate.

Federal Tax Bracket Breakdown

Enter your income to see the bracket breakdown.

How Your Income Is Allocated

Enter your income to see the allocation chart.

Summary

Enter your gross income to instantly estimate your 2024 Canadian federal income tax, CPP contributions, EI premiums, and net take-home pay.

How it works

Enter your gross annual or monthly employment income.
The 2024 Basic Personal Amount ($15,705) is applied as a non-refundable tax credit at the 15% rate.
Federal income tax is calculated progressively across 5 CRA brackets (15%, 20.5%, 26%, 29%, 33%).
CPP contributions are calculated on insurable earnings between $3,500 and $68,500 at 5.95%.
EI premiums are deducted at 1.66% on insurable earnings up to $63,200.
Your estimated federal take-home pay, effective rate, and per-bracket breakdown are shown instantly.

Use cases

Estimate your federal income tax before filing your T1 return.
Compare take-home pay for different salary levels or job offers.
Understand which CRA tax bracket your income falls into.
Calculate the impact of RRSP contributions on your taxable income.
Check your CPP and EI deductions against your pay stub.
Plan year-end income adjustments to manage your bracket exposure.
Model a raise or bonus to understand the additional federal tax cost.
Combine with your provincial tax estimate for a full tax picture.

Frequently Asked Questions

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Last updated: 2026-05-23 · Reviewed by Nham Vu