Calculate Your Canadian Federal Taxes 2025
Federal income tax calculator for Canadian residents based on 2024 tax brackets
Federal Tax Calculation Results
Tax Bracket Breakdown
Complete the form above to see your tax calculation and bracket breakdown
Understanding Canadian Federal Income Tax
Learn how Canada's progressive tax system works for 2024
2024 Federal Tax Brackets
Key Features of Canadian Tax System
- Basic Personal Amount: $15,000 tax-free threshold for 2024
- Progressive System: Higher rates only apply to income above each bracket
- Federal Only: Provincial taxes apply separately
- Deductions: RRSP, charitable donations reduce taxable income
- Tax Year: Based on calendar year (January 1 - December 31)
Important Notes
• This calculator shows federal income tax only. You'll also owe provincial/territorial income tax, which varies significantly by province (from ~5% to ~21% depending on income and location).
• The basic personal amount of $15,000 means the first $15,000 of income is tax-free federally.
• RRSP contributions and other deductions reduce your taxable income, potentially moving you to a lower tax bracket.
• Your total tax bill includes both federal and provincial components - this tool helps you understand the federal portion.
Basic Personal Amount
Understanding Canada's tax-free threshold
The basic personal amount is a non-refundable tax credit that effectively creates a tax-free threshold. For 2024, the federal basic personal amount is $15,000.
How It Works
The basic personal amount reduces your taxable income, meaning you don't pay federal income tax on the first $15,000 of your income. This benefit is built into the tax calculation automatically.
Provincial Amounts
Each province and territory also has its own basic personal amount, which varies by jurisdiction. These provincial amounts are separate from and in addition to the federal amount.
💡 Tax Savings Example
With a $15,000 basic personal amount and a 15% tax rate, you save $2,250 in federal tax ($15,000 × 15% = $2,250) compared to having no basic personal amount.
Frequently Asked Questions
Common questions about Canadian federal income tax
Does this calculator include provincial taxes?
No, this calculator shows federal income tax only. Each province and territory has its own income tax rates that are added to the federal tax. Your total tax liability will be higher when provincial taxes are included.
What deductions can I include?
Common deductions include RRSP contributions, registered pension plan contributions, union dues, professional fees, and certain employment expenses. This calculator uses your total deductions amount.
When do the 2024 tax brackets apply?
The 2024 tax brackets apply to income earned in the 2024 tax year (January 1 - December 31, 2024). These rates will be used when filing your 2024 tax return in 2025.
What about tax credits?
This calculator includes the basic personal amount credit. Other tax credits (like CPP/EI, medical expenses, charitable donations) are not included in this simplified calculation but would further reduce your actual tax liability.