Calculate your take-home pay after Income Tax (combined federal + provincial), CPP, EI, and Student Loan deductions. This uses a simplified combined tax model and is not official CRA numbers - for rough estimates only.
This calculator uses a simplified combined federal and provincial tax model for rough estimates. It does not represent official CRA (Canada Revenue Agency) calculations and may not account for all deductions, credits, or province-specific rules. For accurate tax calculations, consult with a tax professional or use official CRA tools.
CPP (Canada Pension Plan) is a mandatory contribution for most employees. For 2024, the CPP rate is 5.95% on earnings up to $68,500 (the maximum pensionable earnings). Both you and your employer contribute, but this calculator only shows your portion.
EI (Employment Insurance) provides temporary income support to unemployed workers. For 2024, the EI rate is 1.63% on earnings up to $63,100 (the maximum insurable earnings). Like CPP, both you and your employer contribute.
Each Canadian province has different provincial tax rates that are combined with federal rates. Ontario and British Columbia have progressive tax systems, while some provinces use flat rates. This calculator uses simplified combined rates - actual rates may vary.
No, this calculator does not include RRSP (Registered Retirement Savings Plan) contributions or other voluntary deductions. Your actual take-home pay may be different if you contribute to an RRSP or have other deductions.