MTC-Canada Tax Calculator 2025

MTC – My Tax Calculator: Canadian Tax Estimator MTC is a simple Canadian tax and money calculator that helps you estimate income tax, understand your take-home pay, and plan ahead. It is made for employees, self-employed workers, freelancers, and anyone planning RRSP, TFSA, or FHSA contributions. DISCLAIMER: MTC is an independent app. It does not represent any government entity and is not affiliated with, endorsed by, or sponsored by the Government of Canada, the Canada Revenue Agency (CRA), or any provincial or territorial government. All results are estimates for general information only and are not tax, legal, or financial advice. The official government sources for the rates and rules used in the app are listed at the end of this description. 🔢 Tax calculators • Employed (T4): estimated take-home pay with federal and provincial tax, CPP, and EI • Self-employed (T2125): business income, expenses, and estimated tax • Tax bracket breakdown and province-by-province comparison • Bonus tax, overtime pay, and GST/HST sales tax • Capital gains and dividend tax • Tax savings and deductions estimator 💰 Savings calculators • RRSP contributions and estimated tax savings • TFSA and FHSA growth • RESP education savings • Compound interest and net worth 🏠 Mortgage and loan calculators • Mortgage payment and mortgage stress test • Car loan, debt payoff, and rental property cash flow 📒 Expense and budget tracker • Record income and expenses, set budgets, and review spending by category ✅ Why MTC • Built around Canadian tax rules for all provinces and territories • Quick results in a clean interface • No sign-up required 🔐 Privacy • All calculations run on your device • The information you enter is saved only on your device and is not sent to us 📌 Official Government Sources Federal and provincial tax rates: https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html CPP contributions: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions.html EI premiums: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/employment-insurance-ei/ei-premium-rates-maximums.html GST/HST rates: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/charge-collect-which-rate.html RRSP: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/registered-retirement-savings-plan-rrsp.html TFSA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account.html FHSA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html RESP: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-education-savings-plans-resps.html Capital gains: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains.html Dividend tax credit: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-40425-federal-dividend-tax-credit.html Mortgage stress test: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preparing-mortgage.html