2024 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
- $15,705
At $80,000 employment income (no deductions), estimated total tax is $15,049.
Take-home pay is $64,951 (avg rate 18.81%).
At the same income in 2023, take-home pay is $64,981.
The same income brings 0.0% · -$31 less this year.
Changes from 2023
In 2024, Federal updates include introduced CPP2 max earnings at $73,200; CPP max earnings $68,500 (up 2.9%, +$1,900). Bracket thresholds (up 4.7%).
RRSP limit
$31,560
▲2.5%
+$780
Full history in the bracket change log.
Tax year2024
Income$80,000