Terms of Use & Disclaimer
*** DISCLAIMER: THIS IS NOT PROFESSIONAL TAX ADVICE ***
My Tax Calculator (MTC) is provided for informational and estimation purposes only. By using this tool, you acknowledge and agree that the results are approximate and may not reflect your actual tax liability.
1. No Guarantee
The calculator provides estimates based on publicly available data for the 2025 tax year. We do not guarantee the accuracy, completeness, or applicability of the results. For professional advice, consult a qualified tax accountant, certified professional, or contact the Canada Revenue Agency (CRA).
2. User Responsibility
You are solely responsible for verifying all calculations before making financial or tax-related decisions. MTC assumes no liability for any losses, errors, or discrepancies resulting from the use of this calculator.
3. Data Sources & Key Rates
The following rates and maximums are approximate values sourced from official government publications. They are intended for 2025 and used for estimation purposes:
- Federal Income Tax: ≈ 15% (Simplified Flat Rate) — Official CRA Federal Rates
- Provincial Income Tax: Simplified flat rate (varies by province, e.g., ≈ 5.05% ON, ≈ 10% AB) — Official Provincial Rates
- Employee CPP Contribution: ≈ 5.95% of pensionable earnings — CPP Rates & Maximums
- Self-Employed CPP: ≈ 11.90% of pensionable earnings (double employee rate) — CPP Rates & Maximums
- CPP Maximum Annual Contribution: ≈ $4,055.50 — CPP Rates & Maximums
- EI Premium Rate: ≈ 1.66% of insurable earnings — EI Premium Rates & Maximums
- EI Maximum Annual Contribution: ≈ $1,059.29 — EI Premium Rates & Maximums
4. External Resources
For verified tax information, consult the official sources:
5. Contact Us
If you have questions about the Terms of Use or calculator operations, contact us:
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