Disclaimer: This is a federal-only estimate using 2025 rates.
Provincial/territorial tax (Form 428) and certain refundable credits are not included.
Consult a CPA for a complete and accurate return.
STEP 2 β TOTAL INCOME
15000Total Income$0.00
STEP 3 β NET INCOME (Deductions)
23600Net Income$0.00
STEP 4 β TAXABLE INCOME
26000Taxable Income$0.00
STEP 5 β FEDERAL TAX
Non-refundable tax credits (Basic personal, CPP, EI, Employment, etc.)-$2,338.70
42000Net Federal Tax$0.00
43500Total Payable$0.00
STEP 6 β REFUND OR BALANCE OWING
48400
Refund
$0.00
NON-REFUNDABLE CREDITS APPLIED (Summary)
Provincial/territorial tax is not included in this estimate.
For Ontario (~11.16% on income up to $51,446, up to 13.16% above $220,000),
add approximately 20β30% to the federal tax figure for a rough total estimate.