Tax Set-Aside Calculator
How much of each payment to put aside for the CRA - federal and provincial income tax plus CPP, by province.
Sound familiar?
- “You don't know how much of each invoice is really yours to keep”
- “Tax time comes and the bill is bigger than what's in the account”
- “You're not sure how your province changes the maths”
What this tool does
Estimates your total set-aside - federal + provincial income tax, CPP, and (in Ontario) the health premium - on your net self-employment income, for your province.
$
What the law actually says
- •Self-employed Canadians pay federal and provincial income tax plus both halves of CPP on net business income. Quebec runs its own provincial tax and QPP via Revenu Quebec. T1 is due June 15 for the self-employed; any balance owing is due April 30.
- •These are 2026 estimates - confirm current rates at canada.ca.