💡 Enter your details above to get your estimated taxes owed or refunded.
Why Use a Canada Income Tax Calculator?
The Canada Income Tax Calculator helps you quickly estimate how much tax you will owe or refund based on your income. With the 2024–25 tax year, changes in federal tax brackets and provincial rates can affect your take-home pay significantly.Whether you’re a salaried worker, self-employed, or a gig worker, this calculator can help you plan better and avoid surprises during tax season.
📊 Canada Income Tax Brackets 2024 (Federal)
Here are the updated federal tax brackets for 2024 in Canada:
Federal Taxable Income
Federal Tax Rate
$0 – $55,867
15%
$55,868 – $111,733
20.5%
$111,734 – $173,205
26%
$173,206 – $246,752
29%
$246,753 and over
33%
📌 Remember: Canada uses a marginal tax rate system, meaning only the portion of your income within a bracket is taxed at that rate.
📅 When Are Canada Income Tax Due?
Taxes in Canada are due by April 30, 2025. Filing your return after the deadline may result in penalties, especially if you owe taxes.
If you’re self-employed, you have until June 15, 2025, but any amount owed must still be paid by April 30 to avoid interest.
💵 How to Pay Income Tax Online in Canada?
You can pay income taxes directly via the CRA’s My Payment Portal. Other options include:
Pre-authorized debit via CRA MyAccount
Interac e-transfer through third-party providers
Credit cards or PayPal through service partners
💸 How Long Does It Take to Get a Tax Refund?
If you file online and use direct deposit, most Canadians receive their tax refund within 2–8 business days. Paper returns can take 4–8 weeks or more.
🗃️ Do You Need to File an Income Tax Return?
You must file a return if:
You owe taxes
You want to claim a refund or benefits (GST/HST credit, CCB)
You earned self-employment income
You sold property or earned capital gains
Even students or part-time workers may benefit from filing a return!
🧾 How Long Should You Keep Tax Records?
The CRA recommends keeping your tax documents for at least 6 years. That includes:
T4s, T5s
Expense receipts
Donation slips
RRSP and investment contributions
🎯 Summary
✅ Use our 2024–25 Canada Income Tax Calculator to:
This Canada Income Tax Calculator is for informational purposes only and does not constitute tax advice. Please consult a licensed tax professional or CRA directly for accurate information based on your unique financial situation.
Planning your taxes can be overwhelming, especially with the changing tax laws each year. Our Canada Income Tax Calculator 2024–25 is designed to simplify the process by giving you an instant estimate of how much income tax you owe or may get refunded. Whether you’re a full-time employee, freelancer, or self-employed, this free online calculator helps you stay informed. It includes federal and provincial tax brackets, national deductions, and gives a clear breakdown of your take-home pay. Use this powerful tool to plan your finances better, avoid underpayment penalties, and file your taxes with confidence. Try our 2024 Canada Tax Calculator today—simple, secure, and CRA-aligned!
