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?
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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?
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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?
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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?
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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?
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This calculator is designed for individual freelancers and self-employed professionals. It does not account for corporate tax structures or incorporated businesses.