How much should I set aside for taxes?

Enter your expected profit and get a number you can move to savings every time you're paid.

Expected 2026 self-employment profitRevenue minus business expenses. I also have a jobPlanned RRSP or FHSA deduction (optional) I've opted into EI as a self-employed person I'm registered for HSTA payment I just received (optional)Shows the set-aside for that single payment.

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Sources

Canadian income tax rates for individuals, current and previous yearsCRA · canada.ca
Ontario personal income tax rates and creditsOntario Ministry of Finance
Ontario Health PremiumGovernment of Ontario · ontario.ca
CPP contribution rates, maximums and exemptions for 2026CRA · canada.ca
CPP enhancement for self-employed peopleCRA · canada.ca
Paying your income tax by instalmentsCRA · canada.ca
EY Tax Alert: Ontario Budget 2026EY
2026 statutory deduction rates (EI and CPP)Carleton University
Ontario 2026 personal tax rates and creditsRaymond Chabot Grant Thornton

This tool gives general information for Ontario residents using 2026 rules. It isn't advice about your situation, and your real result can differ. Nothing you type is stored unless you ask us to email you the result.

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