Canada Self-Employed & Freelance Tax Calculator
Estimate sole proprietorship net business income, double CPP contributions (11.9%), and quarterly CRA tax installments.
Estimate sole proprietorship net business income, double CPP contributions (11.9%), and quarterly CRA tax installments.
Estimate sole proprietorship net business income, double CPP contributions (11.9%), and quarterly CRA tax installments. Calculate exact, penny-accurate projections compliant with 2026 CRA • Bank of Canada standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Estimated Net Annual Take-Home
$53,885.10
Total Tax & CPP: $21,114.90 from Net Business Profit of $75,000.00
Double CPP (11.9%)
$8,364.20
Federal Tax
$9,006.29
Provincial Tax
$3,744.40
Net Business Income = Revenue - Expenses; Total Burden = Double CPP (11.9%) + Fed Tax + Prov TaxCalculates net take-home earnings for Canadian sole proprietors and freelancers after deducting legitimate business expenses and double CPP contributions.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CRA tax brackets, provincial taxes, Bank of Canada rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor or CPA prior to executing financial commitments.
In Canada, employees and employers each pay 5.95% towards the CPP. Because self-employed sole proprietors are both the employee and employer, they must pay both halves (11.9% total). However, the employer 50% portion is tax-deductible on line 22200.
No. EI is optional for self-employed Canadians. You can opt in through Service Canada for special benefits (maternity, parental, sickness), but you do not pay EI premiums automatically.
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