Fidelity's tax calculator estimates your year end tax balance based on your employment and investment income, RRSP contributions, and the amount of taxes paid. The calculator will show your tax savings when you vary the RRSP contribution amounts.
The tax calculator is updated yearly, once the federal government has released the year’s income tax rates. Based on past experience, this should happen in late January or early February.
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Calculate total income
|Taxable employment and interest income||$0|
|Taxable capital gains||$0|
|Total taxable income||$0|
|Refunds and savings||Amount|
|Balance due (refund)||$0|
|Savings due to RRSP contributions||$0|
Calculations are based on known rates as of January 2016.
This calculator is intended as a guide to help you estimate your taxes. Your personal tax situation may have additional complexities outside the scope of this calculator. We recommend you consult your investment professional or tax advisor for a comprehensive review of your personal tax situation.