Fidelity’s tax calculator estimates your year-end tax balance based on your total income and total deductions. The calculator will show your tax savings when you vary your RRSP contribution amount.
The tax calculator is updated yearly, once the federal government has released the year’s income tax rates. This usually happens in late January or early February.
|Taxable employment and interest income||$0|
|Taxable capital gains||$0|
|Total taxable income||$0|
|Payable taxes :|
|Balance due (refund)||$0|
|Savings due to RRSP contributions||$0|
Calculations are based on known rates as of January 2022.
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.