Disclaimer: This calculator is basic and for illustrative/entertainment purposes. I have tried to make it accurate, but there is no warranty. The tax calculators are only estimators. Some provinces have special nuances to the tax structure - particularly PQ. I am not a financial professional and do not sell any stocks, bonds, or funds. I do not provide specific financial advice. There are no explicit or implicit recommendations. This calculator is intended to help investors who ultimately make their own decisions. You should do your own due diligence and consult experts as needed for your own situation. Not just some random dude on the internet. You are responsible for your own investing and tax decisions. The calculator will save values in your browser cache for convenience - you'll want to reset it when done if using a public computer.  
   
   
   
   
   
   
   
   
   
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  Province
 
  Under 3 Full-Time Employees Including Owners
 
   
       
  Gross Capital Gains Available To Harvest  
  Capital Gains Inclusion Rate  
  Taxable Capital Gain  
  Accountant Fee For Capital Dividend  
       
  Corporate Passive Income  
  Corporate Eligible Dividend Income  
  Corporate Interest/Other Passive Income  
  Other Capital Gains Realized This Year  
  Total Taxable Capital Gain  
  Aggregate Investment Income  
       
  Corporate Income    
  Corp Active Income (Before Owner Salary)  
  Salary Paid To Owner  
  Dividends Paid Out To Owner  
       
  Personal Income    
  Salary From Corp  
  Other T4 Income  
  Pre-existing RRSP Room  
  New RRSP Room  
  RRSP Deduction Claimed  
  Taxable Investment Income From Outside Corporation  
  Eligible Dividends  
  Interest & Other  
  Capital Gains (Gross)  
       
  Estimated Personal After-Tax Cashflow  
  Baseline  
  Harvest  
  Manually Adjust the Dividends For Equal Cashflow  
  (Will turn green when within $250)  
       
  Total Corporate & Personal Taxes/Fees/CPP  
  Baseline  
  Harvest  
  Net Savings (Cost) of Capital Gain Harvest  
       
  Corporate Tax Inefficiencies (See Details Tab)  
  Not enough dividends dispensed to release all RDTOH.  
  Consider paying more dividends (has less tax drag than leaving money in corp).  
  Paying more dividends has more tax drag than leaving money in corp.  
  Options: spend more, lower passive income, or accept the higher tax drag.  
  Not enough dividends dispensed to empty CDA  
  Options: Harvest less capital gain or dispense more dividends.  
       
  Corporate Income      
  Active Income & Taxes Baseline Harvest  
  Corp Active Income (Before Owner Salary)  
  Salary Paid To Owner  
   CPP Employer Contribution  
  Net Corp Active Income  
  Corp Tax On Active Income  
  Passive Income & Taxes Baseline Harvest  
  Passive Income Limit  
  Corp Aggregate Investment Income  
  Corporate GRIP  
  Capital Dividend Account (CDA)  
  Elig Dividend Income: eRDTOH Collected  
  eRDTOH Refunded  
  Other Investment Income Tax Collected  
  nRDTOH Collected  
  nRDTOH Refunded  
  Net Corp Tax on Passive Income  
  Total Corporate Tax Paid  
  Pre-dividend retained earnings  
  Dividends Paid Out To Owner Baseline Harvest  
  Capital Dividend  
  Eligible Dividends  
  Ineligible Dividends  
  Total Dividends  
  Net Retained Corporate Earnings To Invest Baseline Harvest  
  Pre-dividend retained earnings  
  Dividends Paid Out To Owner  
  Accountant Fee for Capital Dividend  
  Net Corporate Retained Earnings To Invest  
  Corp Capital Benefit (Cost) of Harvest    
         
  Personal Income      
    Baseline Harvest  
  Salary From Corp  
  Other T4 Income  
  Pre-existing RRSP Room  
  New RRSP Room  
  RRSP Deduction  
  Eligible Dividends  
  Ineligible Dividends  
  Interest & Other  
  Capital Gains (Gross)  
  Capital Dividend From Corp  
  Income Taxes  
  CPP Contribution  
  Net Personal Cashflow  
  Benefit (Cost) Personal Cashflow From Harvest  
         
  Total Corporate & Personal Taxes/Fees/CPP  
  Net Tax/Fee Savings (Loss) From Harvest    
         
  Corporate Tax Inefficiencies (See Details Tab)  
  Not enough dividends dispensed to release all RDTOH.  
  Consider paying more dividends (has less tax drag than leaving money in corp).  
  Paying more dividends has more tax drag than leaving money in corp.  
  Options: Dispense more dividends, lower passive income, or accept the tax drag.  
  Not enough dividends dispensed to empty CDA
  Options: Harvest less capital gain or dispense more dividends.