Canadian Finance Calculators — RRSP, TFSA, CPP, Mortgage, Tax
Free calculators for Canadians. RRSP tax deduction, TFSA tax-free growth, CPP and OAS pension estimates, RRIF drawdown, federal + provincial income tax by province, CMHC mortgage insurance, land transfer tax, EI, Canada Child Benefit, and gross-to-net salary.
Retirement (RRSP, TFSA, CPP, OAS)
RRSP Calculator
Calculate RRSP contribution room, tax deduction savings, and projected retirement value.
2026 RRSP deduction limit: 18% of prior year earned income, max $32,490. Unused room carries forward. Contributions reduce taxable income.
TFSA Calculator
Tax-Free Savings Account growth projection. 2026 annual limit: $7,000. Withdrawals are tax-free.
2026 TFSA annual limit: $7,000. Cumulative limit since 2009: $95,000 (if 18+ in 2009). Withdrawals restore contribution room next year.
CPP Calculator
Estimate Canada Pension Plan monthly benefit based on years contributed and average earnings.
2026 CPP max monthly benefit: ~$1,364 (at age 65). Early at 60: 36% reduction. Late at 70: 42% increase. Based on YMPE.
OAS Calculator
Calculate Old Age Security pension and clawback (recovery tax) for high-income seniors.
2026 OAS: ~$727/month at 65. Clawback starts at $90,997 income. Full clawback at ~$148,065. Deferral adds 7.2%/year up to age 70.
RRIF Calculator
Calculate minimum RRIF withdrawal by age and see how long your retirement fund will last.
RRSP must convert to RRIF by Dec 31 of year you turn 71. Minimum withdrawal is mandatory; no maximum. Withdrawals are fully taxable.
Tax Calculators
Canadian Income Tax Calculator
2026 combined federal + provincial income tax for all 10 Canadian provinces.
2026 federal brackets: 15% ≤$57,375 | 20.5% | 26% | 29% | 33%. Provincial rates vary. CPP and EI are separate.
Capital Gains Tax Calculator (Canada)
Calculate Canadian capital gains tax with 50% inclusion rate (66.7% above $250K in 2026).
2026: 50% inclusion rate for gains ≤$250K annually, 66.7% above $250K. Gains are added to income and taxed at marginal rate.
GST/HST Calculator (Canada)
Add or remove GST/HST for any Canadian province. Rates range from 5% (Alberta) to 15% (Maritime provinces).
GST only (5%): AB, BC, MB, SK, QC, NT, YT, NU. HST: ON 13%, NB/NS/NL/PEI 15%. QC adds 9.975% QST on top of 5% GST.
Canadian Tax Credits Calculator
Estimate federal tax credits: basic personal amount, Canada Workers Benefit, and climate action incentive.
2026 Basic Personal Amount: $16,129. Canada Workers Benefit max: $1,518 single, $2,616 couple. Climate action incentive varies by province.
Self-Employment Tax (Canada)
Calculate CPP contributions for self-employed Canadians who pay both employee and employer portions.
2026 CPP self-employed rate: 11.9% (both employee + employer). Max earnings: $68,500. Basic exemption: $3,500.
Mortgage & Property
Canadian Mortgage Calculator
Monthly payment, CMHC insurance, stress test rate, and amortisation for Canadian mortgages.
5-year fixed rate ~5.5% (2026). Stress test: qualify at contract rate + 2% or 5.25%, whichever is higher. CMHC required if <20% down.
CMHC Mortgage Insurance Calculator
Calculate CMHC mortgage default insurance premium based on your loan-to-value ratio.
CMHC required for down payments <20%. Premium: 4% (LTV 90-95%), 3.1% (85-90%), 2.8% (80-85%). Added to mortgage.
Land Transfer Tax Calculator
Calculate provincial land transfer tax for Ontario, BC, Quebec, and other provinces. First-time buyer rebates included.
Toronto buyers pay Toronto LTT on top of Ontario LTT. First-time buyer rebate: ON up to $4,000, BC up to $8,000.
Home Affordability Calculator (Canada)
Calculate maximum home price using GDS (39%) and TDS (44%) ratios used by Canadian lenders.
GDS = Gross Debt Service ratio. Max 39%. TDS = Total Debt Service ratio. Max 44%. Both include housing costs as % of gross income.
Mortgage Break Penalty Calculator
Calculate IRD vs 3-month interest penalty for breaking a Canadian fixed-rate mortgage early.
Big banks typically charge IRD (Interest Rate Differential), which can be very large. Monoline lenders often use 3-month interest.
Salary, EI & Benefits
Canadian Student Loan Calculator
NSLSC repayment estimate with Repayment Assistance Plan (RAP) threshold check.
2026: Canada Student Loans are interest-free. RAP: no payments if income <$40,000 (single). Repayment Assistance reduces payments by income.
Canadian Salary Calculator
Gross to net: federal tax + provincial tax + CPP + EI. Monthly, biweekly, and weekly take-home.
2026: CPP employee rate 5.95% (max $3,867), EI rate 1.63% (max $1,049). Biweekly pay shown.
Employment Insurance (EI) Calculator
Calculate EI premiums and estimated weekly EI benefit if you become unemployed.
2026: EI rate 1.63%. Max insurable earnings: $65,700. Max benefit: 55% of insurable earnings, max ~$695/week for 45 weeks.
Canada Child Benefit (CCB) Calculator
Estimate monthly CCB based on adjusted family net income and number of children.
2026 CCB: max $7,787/year per child under 6, $6,570 per child 6-17. Phases out based on family net income.
Canadian Inflation Calculator
Calculate purchasing power changes over time using StatsCan CPI data.
Bank of Canada inflation target: 2%. Recent actual CPI varies. Source: Statistics Canada CPI series.
Canadian Financial Planning Calculators
Canadian personal finance centres on four pillars: registered accounts (RRSP for tax-deferred growth, TFSA for tax-free growth), government pensions (CPP contributions and OAS), homeownership (CMHC insurance, stress test, land transfer tax), and employment income (combined federal + provincial tax, CPP, EI).
Our calculators use 2026 CRA figures: RRSP limit $32,490, TFSA limit $7,000, CPP employee rate 5.95% (max $3,867), EI rate 1.63% (max $1,071), Basic Personal Amount $16,129, OAS clawback threshold $90,997. Federal brackets: 15% / 20.5% / 26% / 29% / 33%.
The RRSP vs TFSA question depends on income: high earners get more from RRSP tax deductions now and withdraw in a lower bracket at retirement. Lower earners or those expecting higher future income often benefit more from TFSA. Many advisors recommend maxing TFSA first, then RRSP.
Frequently Asked Questions
How much RRSP should I contribute?
Contribute as much as your deduction limit allows, up to 18% of prior year earned income (max $32,490 in 2026). At minimum, contribute enough to reduce your income below the next bracket. The tax refund is essentially a guaranteed return equal to your marginal rate.
What is the TFSA contribution limit for 2026?
2026 TFSA annual limit is $7,000. Cumulative limit (if 18+ since 2009): $95,000. Withdrawals in one year restore that room in the following calendar year. Growth inside TFSA is completely tax-free — no tax on withdrawals.
How is Canadian income tax calculated for 2026?
2026 federal brackets: 15% up to $57,375, 20.5% next tranche, 26%, 29%, 33%. Provincial tax is added on top. Combined federal + Ontario rate for $90,000 income is approximately 32-34% effective. Use our calculator for exact figures by province.
Do I need CMHC mortgage insurance in Canada?
CMHC insurance is mandatory if your down payment is less than 20% of the purchase price. Premium: 4% for 5-9.99% down, 3.1% for 10-14.99%, 2.8% for 15-19.99%. The premium is added to your mortgage and amortized over the loan term.
How much CPP will I receive at 65?
The maximum CPP benefit in 2026 is ~$1,364/month at age 65. Most Canadians receive 60-70% of maximum. Taking CPP at 60 reduces it by 36%; deferring to 70 increases it by 42%. Use our CPP calculator to estimate based on your actual earnings history.