Tax Calculator


Use this calculator to estimate the taxes
you owe based on your taxable income.

Where do you live? Alberta
Taxable income
55,000
Marginal tax rate 32.00%
Taxable Income

Enter the taxable income amount from line 260 of your personal income tax return.
X
Contribution Amount

Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution.
Taxes Payable: $10,950
Net Income: $44,050
Taxable Income: $55,000
Avg Tax Rate Marginal Tax Rates
Avg Tax
Rate
Interest/
Salary
Capital
Gains
Eligible
Dividends


 

Assumptions
Calculations use marginal tax rates as of January 2017. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The Average Tax Rate is calculated by dividing the Taxes Payable amount by the Taxable Income amount.

Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ® The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.