Frequently Asked Questions
How do I calculate my take‑home pay in Canada?
Use our Net Pay (Payroll) calculator. Choose your province, pay frequency and enter your gross pay and RRSP percentage. The calculator applies CPP, EI, federal and provincial tax brackets with TD1 personal amounts and credits to estimate your net pay.
How do I estimate my 2025 tax refund or amount owing?
Open the Tax Refund calculator. Enter your annual income, RRSP deduction, province and TD1 amounts. We estimate tax withheld using your pay frequency and compare it to tax owed after credits; you can override withheld tax in the Advanced section.
What are accelerated bi‑weekly mortgage payments?
Accelerated bi‑weekly payments take your monthly payment, multiply it by 12 and divide by 26. You make slightly larger payments every two weeks, roughly adding one extra monthly payment per year. This reduces interest and shortens your amortization.
How does the loan calculator work?
The loan calculator uses the standard amortization formula. Enter your loan amount, annual interest rate, term in years and choose monthly, bi‑weekly or weekly payments. It calculates the equal payment, total interest and shows a quick amortization schedule.
Which provinces and dates are supported?
We currently support Ontario (ON), British Columbia (BC) and Alberta (AB) for 2025 calculations. Quebec is coming soon. All tax brackets and rates are updated for 2025 based on federal and provincial budgets.