Canada Federal Income Tax Calculator 2021
Estimate federal income tax payable under CRA rules for tax year 2021.
Introduction
🎯 What
Calculates 2021 Federal Income Tax for Canadian residents. Uses progressive tax slabs and non-refundable credits.
👥 Who
Salaried individuals, self-employed persons, investors, and anyone filing a 2021 tax return in Canada.
💡 Why
Plan back-taxes or review 2021 assessments. Understand marginal rates and deductions for that specific year.
👤 Taxpayer Information
−💰 Income Sources
−50% taxable in 2021
📋 Deductions
+🎁 Tax Credits & Payments
+📊 Tax Summary
Enter your information...
Detailed Tax Breakdown (2021)
Tax System Overview
- Federal Only: This calculator estimates federal tax only, not provincial.
- Progressive Tax: Based on 2021 tax brackets ($49k, $98k, etc).
- Taxable Income: Gross Income minus deductions (RRSP, etc).
Federal Tax Brackets (2021)
| Rate | Taxable Income Range |
|---|---|
| 15.0% | $0 - $49,020 |
| 20.5% | $49,021 - $98,040 |
| 26.0% | $98,041 - $151,978 |
| 29.0% | $151,979 - $216,511 |
| 33.0% | Over $216,511 |
Examples
Example 1
Income: $60,000
First ~49k at 15%
Rest at 20.5%
Minus Credits
Example 2
Income: $120,000
RRSP: $10,000
Taxable: $110,000
Tax calculated on $110,000
Frequently Asked Questions
Q: Is this provincial tax included?
A: No, this is FEDERAL tax only.
Q: Is RRSP fully deductible?
A: Yes, within CRA limits.
Q: Is capital gains fully taxed?
A: No, in 2021 as well, only 50% is taxable.
Disclaimer: This calculator is for educational and Google AdSense content purposes only. Tax rules are based on CRA federal income tax year 2021. Results may differ from official CRA assessments. Always consult CRA or a licensed tax professional.