Calculate your 2010 personal income tax combined federal and provincial tax bill in each province and territory of Canada. The calculator reflects known rates as of Janunary 06, 2010 and please also note that the personal income tax calculator doesn’t reflect the CPP and EI deductions or contributions for your 2010 personal income tax rates.
RRSP Tax Savings Calculator Canada for the Year 2010Calculate the tax savings your 2010 RRSP (Registered Retirement Saving Plan) contribution generates in each province and territory. RRSP Contribution Deadline for 2010 Tax Year: March 01, 2011! 2010 RRSP tax savings calculator will estimate your RRSP tax savings based on your RRSP contribution amount and income level for the year 2009. Be sure to enter your RRSP over contribution amount, if any. |
Both the federal and provincial governments have imposed income taxes on individuals and the federal government charges the bulk of income taxes with the provinces charging a somewhat lower percentage. Income taxes throughout Canada are progressive with the high income residents paying a higher percentage than the low income residents.
RRSP Contribution Deadline for the 2010 Tax Year: March 01, 2011!
The maximum RRSP contribution limit for the year 2010 is $22,000. However, if you did not use all of your RRSP contribution limit for the years 1991-2009, you can carry forward the unused amount to 2010. Therefore, your RRSP contribution limit for the year 2010 may be more than $22,000.
The maximum RRSP contribution limit for subsequent years is as follows:
CPP Maximum 2010 | CPP RatesThe CPP Rate, effective January 1, 2010, remain unchanged at 4.95% of pensionable earnings. The maximum CPP contribution is $2,163.15 for the 2010 taxation year. The basic exemption amount for 2010 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP. |
The self-employed CPP contribution rate will remain unchanged at 9.9%. The maximum employer and employee CPP contribution to the plan for 2010 will be $2,163.15, and the maximum self-employed contribution will be $4,326.30. The CPP maximums in 2009 were $2,118.60 and $4,237.20.
| Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2010 taxation year remains at 1.73% of insurable earnings. The annual maximum insurable earnings have increased from $42,300 to $43,200. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. Once you reach the annual maximum premium deduction of $747.36 in 2010, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay. |
The provinces of Ontario and British Columbia have each enacted legislation to implement the harmonized sales tax (HST), which will come into effect beginning July 1, 2010 and will be administered by the Canada Revenue Agency.
There are a number of tax deadline dates during the year 2010 when returns are due to be filed or payments are due to be paid as follows.
Tax Return Filing Deadline for Personal Income Tax: Generally, your tax return for the Year 2009 has to be filled on or before April 30, 2010.
