Tax Calculator

Use this calculator to estimate the taxes you owe based on your taxable income.
Taxable income (max. $1,000,000)
55,000
Marginal Tax Rate
Results
Taxes Payable $10,950
Net Income $44,050
Taxable Income $44,050
Avg Tax Rate Marginal Tax Rates
Avg Tax
Rate
Interest/
Salary
Capital
Gains
Eligible
Dividends

 
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Assumptions
Calculations use marginal tax rates as of January 2019. 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.

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