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Self-Employment Tax Calculator (Canada)

↻ Updated 2026 tax year

Estimate what a self-employed Canadian owes in 2026 — federal and provincial income tax plus both the employee and employer halves of CPP and CPP2 — from your net business income.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs

Net self-employment income

After business expenses

Province / territory

Total tax + CPP

$23,465

$56,535 take-home

Income tax

$14,572

federal + provincial

CPP (both halves)

$8,893

employee + employer

Where your income goes

Take-home$56,535

Income tax$14,572

CPP$8,893

Breakdown

Net self-employment income$80,000

Federal income tax− $10,293

Ontario tax− $4,280

CPP + CPP2 (both halves)− $8,893

Total$23,465

After-tax income$56,535

Effective rate29.3%

ASSUMPTIONS — 2026 tax year. As a self-employed person you pay BOTH the employee and employer CPP shares: 11.9% on earnings between the $3,500 exemption and the $74,600 YMPE, plus 8% CPP2 up to $85,000. Income tax uses 2026 federal + Ontario brackets with the basic personal amount applied. Half of CPP is deductible in reality — not modelled here. Some credits are approximate — consult a tax professional.

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Sources & rate references

·CRA — federal income tax rates and brackets (2026) — Federal brackets; lowest rate reduced to 14% for 2026
·CRA — provincial/territorial tax rates (2026)
·CRA — CPP, CPP2 and EI rates (2026) — YMPE $74,600, CPP2 to $85,000, EI max insurable $68,900

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.