Frequently Asked Questions
Are these Canadian tax calculators free to use?
Yes. All 8 calculators on this page are completely free with no account, sign-up, or payment required. They are provided as a public service by Swift Accounting & Business Solutions, a Calgary accounting firm. Your data stays in your browser and is never transmitted to any server.
How accurate are the calculator results?
The calculators use 2025 CRA tax rates and provide reliable planning estimates. However, they are simplified tools — actual tax owing depends on your full personal situation, available deductions and credits, CRA assessments, and other factors. Use these for budgeting and planning, then consult a qualified accountant before filing.
What changed in Canada's capital gains tax for 2025?
Effective June 25, 2024, Canada introduced a two-tier capital gains inclusion rate for individuals: the first $250,000 of annual capital gains remains at a 50% inclusion rate, while gains above $250,000 are included at 66.67% (two-thirds). This threshold resets each calendar year. Corporations and trusts have a 66.67% inclusion rate on all capital gains.
Who is eligible for the GST/HST Quick Method?
The Quick Method is available to most small businesses with annual taxable supplies under $400,000. Eligible businesses elect to remit a flat percentage of total revenue (including GST/HST collected) rather than tracking individual ITCs. Certain professionals — including lawyers, accountants, actuaries, and financial advisors — are not eligible for the Quick Method.