Tax Calculator
Use this calculator to estimate the taxes you owe based on your taxable income.
| Ontario |
|
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
31.48%
Results
| Taxes Payable: | $21,691 |
| Net Income: | $78,309 |
| Taxable Income: | $100,000 |
| 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 2025. 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. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2025. All rights reserved.
Calculations use marginal tax rates as of January 2025. 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. CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2025. All rights reserved.
