About Canada Money Tools
We’re an independent website that makes Canadian money math less painful — free calculators and plain-English guides for salary, housing, cars, debt and registered accounts. No paywall, no jargon, no lectures.
Why we built this
Most of us think about taxes twice a year: when the T4 arrives, and when the refund — or the bill — lands. We wanted a place where you can type in your salary and see exactly where every dollar goes: federal tax, Ontario tax, CPP, EI, all of it, with the actual math shown on the page instead of hidden behind a “trust us” button.
We’re not a bank, a lender, or a tax practice, and nothing here is professional tax, legal or investment advice. We’re just people who got tired of squinting at pay stubs.
How we calculate
Our salary estimates use the published 2026 figures, applied step by step:
- Federal income tax: the CRA’s 2026 federal brackets (14%–33%), minus non-refundable credits for the basic personal amount ($16,452) and the Canada employment amount ($1,501).
- Ontario income tax: Ontario’s 2026 brackets (5.05%–13.16%), minus the provincial basic credit, plus Ontario surtax and the Ontario Health Premium tier.
- CPP and EI: the CRA’s 2026 contribution rates and maximums (CPP $4,230.45 plus CPP2 $416; EI $1,123.07).
Every salary page includes a worked calculation — the real brackets, credits and arithmetic for that income — so you can check our math yourself. Try one: see the full breakdown for a $40,000 Ontario salary →
Where the numbers come from
We don’t guess. Every figure links to its official source, labelled with the tax year:
How figures stay current
Every tax figure on this site carries its tax year. Each December–January, when the CRA publishes new payroll tables and indexed amounts, we recompute every affected page, update the year label, and stamp the update date on the page. This page was last updated on October 16, 2026; salary figures currently use the 2026 tax year.
Talk to us
Found a number that looks off, or a link that broke? Send us a note — include the page URL and what you expected to see. We read every message, and corrections to published figures go right on the page, with the update date refreshed. We’d rather fix a mistake than defend one.