Canada · Ontario · 2025

Take-home pay, not gross fantasy.

Year-end CPP (incl. CPP2) on pensionable employment (including RSU value), EI on salary and cash bonus only, plus federal and provincial or territorial tax for any Canadian jurisdiction (BPA credits; examples include Ontario surtax and health premium, B.C. tax reduction, Québec federal abatement — not a full T1). RSU CPP is incremental vs salary + bonus; bonus and RSU tax use withholding proxies.

Where you're taxed · Scenario 1

Pick your country and province or territory. All Canadian jurisdictions use the same engine (simplified provincial rules); U.S. states are listed for later.

Jurisdiction

Inputs · Scenario 1

$
$
$

Annual (true year-end picture)

$138,313

After CPP, CPP2, EI (insurable pay), and income tax

Employment income

$215,000

Income tax (federal + ON)

$71,179

CPP + CPP2

$4,430

EI (salary + bonus)

$1,077

Regular paycheque

$3,995

Bonus cheque (est.)

$13,774

RSU vesting value (est.)

$18,588

Tax trace (Ontario)

+ increases tax payable, - reduces tax payable.

Provincial basic tax

$20,219

Ontario surtax

$7,064

Ontario Health Premium

$900

Provincial non-refundable credits

($868)

Provincial BPA (or phase-out) at the lowest provincial rate, plus CPP/EI credits — compare to a full T1 or detailed calculators.

Paycheque progression (salary only)

CPP stops after pay 15 · EI stops after pay 12.

$3,977

Jan

CPP
$135
EI
$95
$3,936

Jun

CPP
$271
EI
$0
$4,207

Dec

CPP
$0
EI
$0

Bonus truth · filing season

True income tax (all T4 income)

$71,179

Est. withheld (salary method + CRA bonus + RSU)

$73,262

Likely refund $2,083

Salary column uses tax computed on salary only (typical TD1 annualization). Cash bonus tax withholding follows a CRA bonus/irregular proxy; RSU is modelled like non-cash security options (CPP on the benefit, no EI). Positive "owing" means combined withholding is below modelled year-end liability.

Breakdown

  • Employment income (salary + bonus + RSU)$215,000
  • CPP (employee)First component to YMPE$4,034
  • CPP2 (employee)Between YMPE and YAMPE$396
  • EI (employee)Insurable: salary + bonus only$1,077
  • Federal income tax (after abatement & credits)$43,864
  • Ontario income tax (incl. surtax + health premium, after credits)$27,316
  • Ontario Health PremiumIncluded in Ontario tax total$900
  • Total income tax$71,179
  • Net (annual, all in)$138,313

Estimates only, not tax advice. Brackets and credits are simplified; verify against CRA payroll tables, your TD1, and your T4 before filing.