Freelancer Tax Calculator for Canada & Australia

Freelancer Tax Calculator for Canada & Australia

Freelancer Tax Calculator for Canada & Australia | CalcSphere

Freelancer Tax Calculator

Accurate tax calculations for freelancers in Canada & Australia

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Income Details

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Tax Results

Gross Income: $75,000.00
Deductible Expenses: $5,000.00
Taxable Income: $70,000.00
Federal Tax: $11,250.00
Provincial Tax: $4,320.00
CPP/EI Contributions: $3,754.45
Net Income: $50,675.55

Enter your income details and click "Calculate Taxes" to see your personalized tax breakdown.

Frequently Asked Questions

How accurate is this tax calculator?
Our calculator uses the latest tax brackets and rates for Canada and Australia. While it provides a highly accurate estimate, please consult a tax professional for final calculations as individual circumstances may vary.
Does this include provincial/state taxes?
Yes, for Canada we include provincial taxes based on your selected province. For Australia, we include the Medicare Levy and other applicable taxes.
Are deductions considered in this calculator?
This calculator allows you to input business expenses and other deductions to get a more accurate net income calculation. We also account for basic tax credits and CPP/EI contributions for Canada.
How often is the tax data updated?
We update our tax brackets and rates annually based on official government publications. The calculator currently uses 2024 rates for both Canada and Australia.
Can I use this calculator for corporate taxes?
This calculator is designed for individual freelancers and self-employed professionals. It does not account for corporate tax structures or incorporated businesses.

© 2023 CalcSphere - Accurate Financial Calculators | Disclaimer: This tool provides estimates only. Consult a tax professional for official advice.