Canada Federal Income Tax Calculator
Calculate Canadian federal income tax, CPP contributions, and EI premiums for 2024.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Federal bands 2024: 15%/$55,867, 20.5%/$55,866, 26%/$61,842, 29%/$67,826, 33% above
Canada has both federal and provincial income taxes. CPP employee rate is 5.95% (max $3,867.50 in 2024). EI is 1.66%.
Frequently Asked Questions
What is the RRSP contribution limit?
18% of previous year's earned income, up to $31,560 in 2024. RRSP contributions directly reduce taxable income.