Canada Self-Employment Tax Calculator
Calculate self-employment tax and CPP contributions for freelancers and business owners. Shows deductible expenses and quarterly tax estimates.
Includes supplies, rent, utilities, equipment depreciation, etc.
Tax Calculation
Net Income:$60000.00
Federal Income Tax:$9227.31
Provincial Income Tax:$3380.71
CPP (both portions):$6723.50
Take-Home Income:$40668.47
Total Tax & CPP: $19331.53
Effective tax rate: 32.22%
CPP Contribution:
Self-employed individuals pay both employee and employer portions (11.9% total). This is not split with an employer.
Important Notes:
- Rates are for 2025 tax year
- Does not include GST/HST if registered
- Quarterly instalments may be required for high income
- Consult a tax professional for deductions and planning
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