Enter your revenue, then click Calculate.
Result
| Item | Amount |
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What it does, and what it leaves to you
- Covers: CPP and CPP2 on net self-employment income, the CPP deduction and credit, federal brackets and basic personal amount, a flat provincial estimate, and flags for instalments and GST/HST registration.
- Not decided: real provincial brackets and credits (Quebec has its own QPP and tax), other income, RRSP and other deductions, the home-office and vehicle rules, GST/HST amounts, and whether you must pay instalments. CRA or your accountant decide these.
Common questions
How much of my self-employed income should I set aside for tax in Canada?
A common planning range is 25% to 35% of profit once you add CPP, federal and provincial tax. Use your revenue and expenses here for a number built from the actual tables.
How much CPP do self-employed people pay?
You pay both halves: 11.9% of net self-employment earnings between $3,500 and the year's maximum pensionable earnings, plus 8% on earnings between that and the second ceiling (CPP2).
Do I have to pay tax quarterly?
If you owe more than $3,000 in the current year and also did in either of the two years before, CRA expects instalments on March 15, June 15, September 15 and December 15.
When must I register for GST/HST?
When your taxable sales pass $30,000 over four consecutive calendar quarters. GST/HST you collect is not your income, so keep it out of your set-aside.
Is my data uploaded anywhere?
No. Everything is calculated in your browser and nothing is sent.