Canadian Tax Estimator

Description: Canadian Tax Estimator is a simple tax‑planning app that helps you quickly estimate your Canadian income taxes and explore “what‑if” scenarios—without waiting for tax season. The app includes estimates for the current tax year, so you can plan ahead during the year instead of waiting until tax applications are released after the year ends.

Core estimates: • Select a tax year and province/territory • Enter total income and common deductions (e.g., RRSP contributions, capital losses) • Get estimated federal tax, provincial/territorial tax, and combined tax • See estimated after‑tax income, average tax rate, and marginal tax rate

RRSP “what‑if” tax reduction and refund estimate: After estimating your taxes, you can optionally enter an additional RRSP contribution amount to see how it may change your results. The app will calculate: • An updated (reduced) federal and provincial/territorial tax estimate • The estimated total tax reduction • A tax return / refund-style estimate based on the additional RRSP contribution • Updated after‑tax income and updated average/marginal tax rates This makes it easy to compare scenarios and understand the potential impact of contributing more to your RRSP before year‑end.

Important: This app provides estimates only and is not a substitute for professional tax software or advice. Do not use these estimates to file an official tax return. Always verify results using CRA resources or a qualified tax professional.