Select your province for accurate tax calculations including provincial rates and credits.
Total revenue before expenses and taxes. For small business rate, must be under $500,000.
Total deductible business expenses excluding salary and dividends.
Salary is subject to personal income tax, CPP and EI contributions. Adjust the slider to optimize between salary and dividends.
Non-eligible dividends receive favorable tax treatment through dividend tax credits.
Personal Income Summary
Total Personal Income
Combined income from salary and dividends before taxes.
$0
Net Personal Income
Take-home income after all personal taxes, CPP, and EI deductions.
$0
Personal Income Tax (Federal)$0
Personal Income Tax (Provincial)$0
CPP Contributions$0
EI Premiums$0
Dividend Tax$0
Corporate Summary
Net Business Income
Revenue minus expenses before tax and distributions.
$0
Retained Earnings
Funds remaining in the corporation after all taxes and distributions.
$0
Corporate Tax (Federal)$0
Corporate Tax (Provincial)$0
Total Corporate Tax$0
Tax Distribution Visualization
Income Flow Visualization
Disclaimer: This calculator provides estimates based on 2024 tax rates and should not be used as the sole basis for financial decisions. Tax laws are complex and subject to change. Please consult with a qualified tax professional for personalized advice.