Tax Calculator
Use this calculator to estimate the taxes you owe based on your taxable income.
| Alberta |
|
100,000
Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return.
Contribution Amount
Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution. |
Marginal tax rate
32.00%
Results
| Taxes Payable: | $10,950 |
| Net Income: | $44,050 |
| Taxable Income: | $55,000 |
| Avg Tax Rate | Marginal Tax Rates |
Avg Tax
Rate
Rate
Interest/
Salary
Salary
Capital
Gains
Gains
Eligible
Dividends
Dividends
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. For all capital gains, regardless of amount, the marginal tax rate displayed reflects a 50% capital gain inclusion rate and ignores the 67.67% for any capital gains above $250,000.
Disclaimer
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. For all capital gains, regardless of amount, the marginal tax rate displayed reflects a 50% capital gain inclusion rate and ignores the 67.67% for any capital gains above $250,000.
Disclaimer
