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Discontinuation Notice
We regret having to make the decision to discontinue support for our flagship retirement analysis software - the SmartPlanner. We wish to thank our small core of supporters and users who have provided us with feedback, donations and even just appreciation for our efforts. Barring any unforeseen developments we will be ending our service on September 30, 2021.

Unfortunately the cost of developing and maintaining this unique program has not been covered by subscriptions, donations or advertising revenues.

2020 Income Tax Calculator

(For optimal user experience view this page in Landscape Mode on tablets and mobile devices)

This basic calculator is designed to give you a reasonable idea of your tax liabilities but does not include all possible factors or refundable tax credits. It should be particularly useful to investors who can see the impact of the various types of investment income on their taxes as well as the tax savings from contributing to an RRSP. 

The non refundable tax credits that are included in calculations are:

  • Personal Exemption
  • Spousal Exemption
  • Age Exemption
  • Pension Exemption
  • Payroll Deductions (CPP/QPP, QPIP and EI)
  • Eligible Dividends from Canadian Corporations

For a more comprehensive calculation of tax liabilities we recommend www.taxtips.ca or consult a professional tax accountant.