2023 Federal tax calculator
Adjust income, RRSP, and FHSA to see how deductions change taxable income and net pay.
Explore bracket-level tax, payroll, and credit adjustments in one view.
Region summary
- Bracket count
- 5
- Rate range
- 15.0%-33.0%
- Basic personal amount
- $15,000
At $80,000 employment income (no deductions), estimated total tax is $15,019.
Take-home pay is $64,981 (avg rate 18.77%).
At the same income in 2022, take-home pay is $64,986.
The same income brings 0.0% · -$4 less this year.
Changes from 2022
In 2023, Federal updates include introduced FHSA annual max at $8,000; CPP rate 5.95% (up 4.4% +0.2 pp). Bracket thresholds (up 6.3%).
FHSA annual max
$8,000
NEW
RRSP limit
$30,780
▲5.4%
+$1,570
Full history in the bracket change log.
Tax year2023
Income$80,000