Free Canadian Payroll Tax Calculator

Using Our Canadian Free Paycheck Calculator

TimeTrex offers a user-friendly Canadian payroll tax calculator for accurate calculations. Follow these steps using the dropdown menu for tailored results:

Country and Province Selection:

  • Choose your country and province/state from the dropdown for location-specific tax rates.

Federal and Provincial Claim Amounts:

  • Input federal and provincial claim amounts from your tax documents for correct withholding calculations.

Annual Pay Periods:

  • Indicate your yearly pay periods to match the calculations with your payment frequency.

Gross Wage Per Pay Period:

  • Enter the gross wage for each pay period pre-deductions.

Pay Date:

  • Pick the pay date to align tax calculations with your payment timeline.

Calculate:

  • Press the calculate button for a comprehensive breakdown of your payroll taxes.

Understanding a Payroll or Paycheck Calculator

A payroll or paycheck calculator is a vital tool for automating employee wage calculations. It considers factors like work hours, tax rates, and other deductions to compute net pay and taxes owed.

Common Paycheck Terms

2022 - 2023 Provincial Income Tax Brackets

Province/Territory Tax Rate
British Columbia 5.06% on the first $45,654 of taxable income
7.7% on taxable income over $45,654 up to $91,310
10.5% on taxable income over $91,310 up to $104,835
12.29% on taxable income over $104,835 up to $127,299
14.7% on taxable income over $127,299 up to $172,602
16.8% on taxable income over $172,602 up to $240,716
20.5% on taxable income over $240,716
Alberta 10% on the first $142,292 of taxable income
12% on taxable income over $142,292 up to $170,751
13% on taxable income over $170,751 up to $227,668
14% on taxable income over $227,668 up to $341,502
15% on taxable income over $341,502
Saskatchewan 10.5% on the first $49,720 of taxable income
12.5% on taxable income over $49,720 up to $142,058
14.5% on taxable income over $142,058
Manitoba 10.8% on the first $36,842 of taxable income
12.75% on taxable income over $36,842 up to $79,625
17.4% on taxable income over $79,625
Ontario 5.05% on the first $49,231 of taxable income
9.15% on taxable income over $49,231 up to $98,463
11.16% on taxable income over $98,463 up to $150,000
12.16% on taxable income over $150,000 up to $220,000
13.16% on taxable income over $220,000
Québec 14% on the first $49,275 or less of taxable income
19% on taxable income more than $49,275 but not more than $98,540
24% on taxable income more than $98,540 but not more than $119,910
25.75% on taxable income more than $119,910
New Brunswick 9.4% on the first $47,715 or less of taxable income
14% on taxable income over $47,715 up to $95,431
16% on taxable income over $95,431 up to $176,756
19.5% on taxable income between $145,955 and $166,280
Nova Scotia 8.79% on taxable income that is $29,590 or less
14.95% on taxable income over $29,590 up to $59,180
16.67% on taxable income over $59,180 up to $93,000
17.5% on taxable income over $93,000 up to $150,000
21% on taxable income over $150,000
Prince Edward Island 9.8% on the first $31,984 of taxable income
13.8% on taxable income between $31,984 and $63,969
16.7% on taxable income over $63,969
Newfoundland and Labrador 8.7% on the first $41,457 or less of taxable income
14.5% on taxable income over $41,457 up to $82,913
15.8% on taxable income over $82,913 up to $148,027
17.8% on taxable income over $148,027 up to $207,239
19.8% on taxable income over $207,239 up to $264,750
20.8% on taxable income over $264,750 up to $529,500
21.3% on taxable income over $529,500 up to $1,059,000
21.8% on taxable income over $1,059,000
Nunavut 4% on the first $50,877 or less of taxable income
7% on taxable income over $50,877 up to $101,754
9% on taxable income over $101,754 up to $165,429
11.5% on taxable income over $165,429
Yukon 6.4% on the first $53,359 or less of taxable income
9% on taxable income over $53,359 up to $106,717
10.9% on taxable income over $106,717 up to $165,430
12.8% on taxable income over $165,430 up to $500,000
15% on taxable income over $500,000
Northwest Territories 5.9% on the first $48,326 or less of taxable income
8.6% on taxable income over $48,326 up to $96,655
12.2% on taxable income over $96,655 up to $157,139
14.05% on taxable income over $157,139

Quick Facts About Canadian Personal Income Tax

Understanding Canadian Tax Deductions

Understanding Canadian Tax Deductions: Navigating the complexities of Canadian tax deductions can be challenging. This section provides essential insights into various deductions that can significantly impact your tax filings. From understanding the progressive nature of federal and provincial tax brackets to maximizing contributions to RRSPs and TFSAs, we cover key areas that affect your financial health. Learn about deductions for significant medical expenses, the benefits of charitable donations, and childcare expenses. We also delve into specific deductions like home office expenses for remote workers, tuition tax credits for students, and the first-time home buyer’s credit. Additionally, find valuable information about the disability tax credit. This comprehensive guide aims to simplify tax planning and help you make informed decisions.

Canadian Federal Tax Brackets

Federal Tax Bracket Tax Rate
On the first $53,358 of taxable income 15%
On taxable income over $53,359 up to $106,717 20.5%
On taxable income over $106,717 up to $165,430 26%
On taxable income over $165,430 up to $235,675 29%
On any taxable income over $235,675 33%
TimeTrex Timesheet on mobile

Provincial Tax Rate Trends in Canada

Understanding the trends in provincial tax rates is crucial for financial planning and tax compliance in Canada. Each province has its unique tax structure, reflecting local economic policies and priorities. This section explores the latest trends in provincial tax rates, providing a snapshot of how these rates vary across the country and evolve over time.

*This document serves as an initial reference for understanding an employer’s responsibilities in managing their workforce. It is not an exhaustive guide on the subject. The document presents useful insights and is shared with the acknowledgement that this document does not offer legal, tax, or other specialized advice.

Time To Clock-In

Start your 30-day free trial!

Experience the Ultimate Workforce Solution and Revolutionize Your Business Today

TimeTrex Mobile App Hand

Saving businesses time and money through better workforce management since 2003.

Copyright © 2023 TimeTrex. All Rights Reserved.