Canada income tax calculator 2024
Get a quick, free estimate of your 2024 income tax refund or taxes owed using our income tax calculator. Plus, explore Canadian and provincial income tax FAQ and resources from TurboTax.
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2024 Federal income tax brackets
Here are the tax brackets for Canada based on your taxable income.
Federal tax bracket | Federal tax rates |
---|---|
$55,867 or less | 15.00% |
$55,868 to $111,733 | 20.50% |
$111,734 to $173,205 | 26.00% |
$173,206 to $246,752 | 29.00% |
more than $246,752 | 33.00% |
Canadian tax basics
Whether you’re a first-time filer or need a refresher, use these videos to learn more about filing your Canadian income tax return.
Tax Basics: How Taxes Work in Canada
So how exactly do taxes work in Canada? This video explores the Canadian tax system and covers everything from what a tax bracket...
Frequently asked questions
The deadline to file your 2024 income tax return in 2025 is midnight on April 30. If you're self-employed, your tax return is due on June 16, 2025, since June 15 falls on a Sunday.
Learn more about tax deadlines
The CRA's goal is to send the notice of assessment, as well as any refund, within 2-3 weeks if filed via NETFILE.
For mailed or paper returns, refunds are issued in 8 weeks following receipt of the return by the CRA or the Revenu Quebec.
*These timelines apply only to returns that are received on or before the due date.
Learn more about tax deadlines
If you have to pay income taxes to the CRA, you can do so online through the CRA’s My Payment online portal. Pay by setting up a pre-authorized debit agreement using CRA My Account or through a third-party service provider with credit card, e-transfer, or PayPal.
Learn more about paying your taxes online
If you're a resident of Canada for any part of the year and are earning income, whether that's employment, self-employment, investment or other income, you're subject to Canadian income tax. There are no exemptions for age or occupation.
Learn more about who's required to file an income tax return
The CRA requires that you retain your records for a minimum of 6 years, by law.
If you file an income tax return late, you must keep your records for six years from the date you file that return.
You can ask to amend your tax return for up to the previous 10 years, so it's a good idea to maintain your records for that long.
Learn more about maintaining your income tax records
Income tax tips from the TurboTax Hub
Ever wonder what those lines on your tax return mean? These tips will help you understand what to include when you file.
Free tax checklist
Get organized for tax season with everything you need to file your taxes with ease.
Provincial tax calculators
* Important Offer Details and Disclosures
TURBOTAX ONLINE/MOBILE OFFERS & PRICING
The following TurboTax Online offers may be available for tax year 2024. Intuit reserves the right to modify or terminate any offer at any time for any reason in its sole discretion. Unless otherwise stated, each offer is not available in combination with any other TurboTax offers. Certain discount offers may not be valid for mobile in-app purchases and may be available only for a limited period of time.
- Pay When You File: For paid TurboTax online and mobile offerings, with the exception of TurboTax Live Full Service, you may start using the tax preparation features without paying upfront, and pay only when you are ready to e-file, print, file by mail, or purchase add-on products or services. Actual prices for paid versions are determined based on the version you use and the date and/or time you print or e-file, and are subject to change without notice. If you use TurboTax Live Full Service, you will be charged when you first sign up for the service, before our experts start work on your return.
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- 25 Or Under $20 Offer: Offer applies to the cost of (i) upgrading to Assist & Review from TurboTax Online Free, or (ii) TurboTax Deluxe, Premier, and Self-Employed, with optional upgrade to Assist & Review at no additional cost. For 2024 personal taxes only. To be eligible, customer must be born on or after January 1, 1999 and file their personal tax return by April 30, 2025. Excludes TurboTax Full Service, TurboTax Desktop, and TurboTax U.S. products. Offer cannot be combined with any other TurboTax offers.
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- Maximum Refund Guarantee: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the amount paid for our service. TurboTax Free customers are entitled to a payment of $9.99. Claims must be submitted within sixty (60) days of your TurboTax filing date, no later than May 31, 2025. Audit Defence and fee-based support services are excluded. Additional terms and limitations apply. See Terms of Service for details.
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- TurboTax Live Full-Service Guarantee: Our Full Service Guarantee means your tax expert will find every dollar you deserve. Your expert will only file your return if they know it's 100% accurate and you are getting your best outcome possible. If you get a larger refund or smaller tax due from another tax preparer by filing an amended return, we'll refund the applicable TurboTax Live Full Service purchase price paid. If you have to pay a CRA or provincial government penalty or interest because of an error that a TurboTax tax expert made while acting as the preparer for your return, we'll pay you the penalty and interest. Full Service Guarantee is not available in Quebec. Additional terms and limitations apply. See Terms of Service for details.
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- Accurate Calculations Guarantee: If you pay a CRA or provincial government penalty or interest due to a TurboTax calculation error, we will reimburse the penalty and interest. You are responsible for paying any additional tax liability you may owe. Claims must be submitted within thirty (30) days of the CRA or provincial government notice date. Excludes TurboTax Business Incorporated Edition. Additional terms and limitations apply. See License Agreement for details.
- Maximum Refund Guarantee: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the amount paid for our software. Claims must be submitted within sixty (60) days of your TurboTax filing date, no later than May 31, 2025 (TurboTax Home & Business and TurboTax 20 Returns no later than July 15, 2025). Excludes TurboTax Business Incorporated Edition. Audit Defence and fee-based support services are excluded. Additional terms and limitations apply. See License Agreement for details.
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ADDITIONAL DISCLOSURES:
- Average Refund Amount: $3,644 is the average refund amount Canadian taxpayers received based on tax year 2023 returns filed using TurboTax. Each taxpayer’s refund will vary based on their tax situation.
- Auto-Fill My Return (AFR): Must be signed up for CRA’s My Account service to import into TurboTax. To register, visit https://www.canada.ca/en/revenue-agency.html .
- Canada's #1 best-selling tax software: Based on aggregated CRA NETFILE data for all tax year 2023 TurboTax do-it-yourself tax products.
- CRA Refund Time: Get your tax refund from the CRA as fast as possible by e-filing and choosing to receive your refund by direct deposit. Tax refund time frames will vary. The CRA estimates 2 weeks to issue refunds with e-filed returns, compared to 8 weeks with paper returns.
- NETFILE E-filing: Income tax preparation software companies must seek NETFILE certification from the CRA for tax preparation software products to be used in conjunction with CRA’s NETFILE electronic tax filing service. All TurboTax software products for tax year 2024 are CRA NETFILE certified.
- Returns Filed: Based on CRA NETFILE reporting, more than 25 million returns have been electronically filed with TurboTax over the past 5 years, and more than 50 million returns have been electronically filed with TurboTax from 2013 to 2023. Includes tax returns filed to the CRA using TurboTax Desktop and TurboTax Online products.
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