Updates & Changelog
New calculators, rate updates, bug fixes and improvements to calk-ca.com.
262026
CCA calculator applies the reinstated Accelerated Investment Incentive
The Budget 2025 Implementation Act (royal assent 26 March 2026) brought back the enhanced first-year capital cost allowance for property acquired after 2024 and available for use before 2030, but the calculator still applied the half-year rule. The first-year claim is now 1.5 times the normal rate on the full cost: $22,500 instead of $7,500 on a $50,000 Class 10 vehicle. Class 54 zero-emission vehicles and Class 50 computers are fully expensed. A checkbox switches back to the half-year rule for used property you already owned.
London property tax rate updated to 1.727%
London’s 2026 residential rate is 1.727% (1.574% municipal plus the 0.153% education rate), from the City’s own 2026 rate sheet. The calculator used 1.68%, the 2025 rate. On a $400,000 assessment the estimate rises by about $188 a year.
Montreal and Quebec City property tax now show the school tax
The Montreal calculator said its rate included school tax, but the City’s 0.657% is municipal only. Quebec’s school tax is a separate bill: $0.07899 per $100 of value above a $25,000 exemption for 2026–27, about $375 a year on a $500,000 home. The Montreal page now shows it and the combined total. The Quebec City page also had the payment schedule wrong: the 2026 bill is due in four instalments, not two.
Mortgage affordability now counts the CMHC premium
With less than 20% down, the CMHC premium is added to the mortgage, but the calculator added your down payment to the stress-tested maximum as if the premium did not exist. It now finds the largest price whose insured loan still fits, and respects the minimum down payment and the $1.5 million insurability cap. On $100,000 of income with $50,000 down, the maximum price is $431,317, not $443,138.
Refinance calculator counts savings only until your term ends
The headline saving assumed the new rate would last for the whole remaining amortization, but you renew at market rates when your term ends anyway. The calculator now asks for the months left in your term and shows the net saving over that period, with the full-amortization figure kept for reference. On the default $400,000 mortgage with 36 months left, the net saving is about $9,945, not $61,960.
Lease vs buy compares both options over the same period
The buying side counted every payment on a 60-month loan against the car’s value at the end of a 48-month lease. It now counts only the payments made during the lease term plus the loan balance still owed. On the default $45,000 car, leasing saves $4,546 rather than $4,868.
Capital gains and crypto tax now include Ontario’s surtax and Quebec’s abatement
Both calculators used plain tax brackets, so Ontario’s surtax, Quebec’s 16.5% federal abatement and the phase-down of the federal basic personal amount were missing. They now run on the same tax engine as the income tax calculator. A $50,000 gain on top of $300,000 of Ontario income now costs $13,382 in tax, not $11,540, and in Quebec at $75,000 the federal share falls from $5,125 to $4,279.
Rent vs buy calculator gives an honest verdict
The buy side added back the mortgage payments already made instead of subtracting the mortgage still owed, so the calculator almost always said buying was better. It now compares your home equity (value minus the balance left) with the renter’s invested savings. On the default $600,000 home, buying still wins at 3% appreciation, but at 2% renting and investing comes out about $48,000 ahead.
Surrey, Burnaby and Mississauga property tax rates updated to 2026
Checked against the cities’ own 2026 rate schedules: Surrey is 0.343% (was shown as 0.31%), Burnaby 0.328% (was about 0.30%) and Mississauga 1.088% (was 1.03%), including the regional and school portions.
Land transfer tax: Prince Edward Island first-time buyers now pay nothing
Prince Edward Island charges 1% of the greater of the purchase price or the assessed value, but first-time home buyers are fully exempt at any price, as long as every buyer on the deed qualifies. Our land transfer tax and closing costs calculators were charging them the full tax: $7,000 on a $700,000 home, now $0. Properties worth $30,000 or less, which PEI exempts for every buyer, are no longer taxed either. The first-time home buyer calculator now shows PEI’s exemption too, and lets you pick any province.
Quick Method calculator corrected for Quebec and the PST provinces
The Quick Method covers the GST/HST only, but the calculator counted the BC, Manitoba and Saskatchewan PST as money the business keeps, and applied just the 6.6% QST rate to Quebec’s full 14.975% of tax. Quebec now gets the two calculations Revenu Québec prescribes: GST at 3.6% and QST at 6.6% for a service business, each with its own 1% reduction. On $120,000 of service revenue, the amount kept drops from $9,164 to $5,338 in Quebec and from $9,862 to $1,764 in British Columbia.
Home Buyers’ Plan: the 2022–2025 repayment deferral is now included
If your first HBP withdrawal was made between January 1, 2022 and December 31, 2025, the CRA starts your 15-year repayment in the fifth year after the withdrawal, not the second. The repayment calculator now has a checkbox for it. The first-time buyer calculator now applies British Columbia’s current exemption (the tax on the first $500,000, worth up to $8,000, on homes up to $835,000) and Quebec’s refundable home-access credit, and it covers the First-Time Home Buyers’ GST/HST rebate of up to $50,000 on new homes.
Hourly-to-salary converter no longer deducts paid vacation
Canadian employees are paid for their vacation (at least 4% vacation pay) and for statutory holidays, so an hourly wage converts to a salary over 52 weeks: $25 an hour at 40 hours a week is $52,000 a year, not $50,000. The converter now deducts only weeks of unpaid leave.
Tuition credit calculator no longer gives Ontario, Saskatchewan or Alberta a provincial credit
Ontario (for studies after September 4, 2017), Saskatchewan (from July 1, 2017) and Alberta (from 2020) abolished their provincial tuition tax credits; students there can only use amounts carried forward from before. The calculator was still adding a provincial credit for them — $404 too much on $8,000 of Ontario tuition. It now gives the federal credit only in those three provinces, while New Brunswick, which re-introduced its credit for 2019, and the other provinces and territories keep theirs. The tax return estimator now also adds the provincial tuition credit where one exists; it previously gave the federal credit only.
Income tax calculators now include every employee’s standard credits
Our tax engine used to subtract only the Basic Personal Amount. It now also credits CPP and EI contributions and the $1,501 Canada Employment Amount, deducts the enhanced part of CPP from income, and phases the federal basic amount down above $181,440. Ontario results now include the surtax and the Ontario Health Premium, Quebec results the deduction for workers, and the Northwest Territories and Nunavut the 2% payroll tax withheld from pay. At $75,000, federal tax falls from $9,267.73 to $8,258.60; take-home rises by $560 in Ontario and $1,538 in Nova Scotia, and falls by $154 in the Northwest Territories. Salary, paycheque, bonus, RRSP and province pages have been recomputed. We also corrected PEI’s fourth tax bracket, which ends at $142,520, not $142,250.
Mortgage and payroll tax calculators corrected
Accelerated bi-weekly mortgage payments were counted over the full amortization, so the mortgage pages showed them costing more interest than monthly payments. They now pay the loan off early: on a $389,718 mortgage at 4.59%, about 21.7 years instead of 25, saving roughly $40,400 in interest. The payroll tax calculator was charging Manitoba’s 2.15% levy on the whole payroll from $2.5 million — between $2.5 and $5 million the levy is 4.3% of the amount above $2.5 million — and Newfoundland and Labrador’s 2% on the whole payroll instead of only the part above the $2 million exemption. On a $3 million payroll that is $21,500 in Manitoba (not $64,500) and $20,000 in Newfoundland and Labrador (not $60,000). The real estate commission comparison now includes the buyer agent’s share in the mere-posting total, and the RRSP tax-savings table now includes the Ontario surtax.
Property tax rates corrected for seven cities after checking their 2026 documents
We checked city property tax rates against each municipality’s own 2026 documents. Regina is 1.28% (not 1.6%) and Saskatoon 1.05% (not 1.31%) once Saskatchewan’s 80% taxable share is applied; Vancouver is 0.336% and Ottawa 1.271% for 2026, Québec City 0.7464% (not 0.83%), Hamilton about 1.44% (not 1.5%) based on the City’s 2026 budget figure for the average home, and the St. John’s page no longer shows an invented breakdown of its 9.1-mill rate. Every comparison table and page description that repeated the old figures has been updated.
Canada Workers Benefit moved to 2026 amounts, plus five other fixes
The Canada Workers Benefit calculator was still using 2025 amounts: the 2026 maximum is $1,665 for singles and $2,869 for families, with an $860 disability supplement. We also corrected the credit card minimum payment (typically 3% of the balance, 5% in Quebec since August 2025), removed a Canadian Dental Care Plan “12-month” waiting rule that does not exist, and updated New Brunswick’s disability supplement and the registration fees for Alberta, New Brunswick and Nova Scotia. The employer payroll estimate now uses WSIB’s 2026 average rate of 1.23%.
EV page now shows what the federal rebate drops to each year
The federal Electric Vehicle Affordability Program pays up to $5,000 this year, but the amount steps down annually until the program ends in March 2031. The EV savings page now spells out the whole schedule — $4,000 in 2027, $3,000 in 2028 and 2029, then $2,000 — alongside the matching steps for plug-in hybrids, so you can see what waiting a year costs. It also notes that the funding is first-come, first-served and can run out before 2031.
Minimum wage up in Nunavut and the Northwest Territories
Both territories re-index their minimum wage every September 1. Nunavut goes from $19.75 to $20.17 an hour — still the highest rate in Canada — and the Northwest Territories from $16.95 to $17.20. The minimum-wage and hourly-to-salary calculators now use the new rates, which also lifts the Northwest Territories above Prince Edward Island in the national ranking.
iOS app 1.1: turn ads off with a one-time purchase
Version 1.1 of the iPhone and iPad app is now on the App Store. It adds a one-time “Remove Ads” purchase that switches ads off for good on every device signed in to the same Apple Account, with a restore button if you reinstall. If you would rather not pay, watching a short video clears the ads for six hours. Everything else is unchanged: every calculator still works fully offline, and rate updates still arrive on their own without an App Store update.
Montreal, Edmonton and Victoria property tax rates corrected against the 2026 city bylaws
Three city property tax rates were checked against the municipalities' own 2026 documents and all three were off. Montreal was the largest: the site used 0.82%, while the City's Budget 2026 puts the city-wide average residential rate at 0.6566% — our 0.82% was higher than every borough’s rate (0.6229% in Ville-Marie to 0.7403% in Anjou), since the 2026–2028 assessment roll raised values about 10% and Montreal cut its rates to offset that. On an average $751,780 home the bill is about $4,939, not the roughly $6,165 we showed. Victoria was too low at 0.48% against an actual 0.56559% combined rate (the 2026 mill rate sheet and Tax Bylaw 26-030), and its page description had a third figure again, 0.44%. Edmonton was 1.04% against 1.03637% in Bylaw 21442. Every cross-city comparison table has been recalculated to match.
Manitoba land transfer tax added, Newfoundland's removed, and bonus withholding recalculated
The land transfer tax engine charged a flat 1% to every province outside Ontario, BC and Quebec. Manitoba actually has a bracketed tax rising to 2% above $200,000 with no first-time-buyer exemption, so a $395,000 Winnipeg home costs $5,550, not $3,950. Nova Scotia's Halifax deed transfer tax is 1.5%, not 1%. Newfoundland and Labrador has no land transfer tax at all, so the $5,000 previously shown on a $500,000 home was never owed. Separately, every province page in the bonus calculator described a $25,000 bonus on an $80,000 salary as being taxed 1 to 2 points higher than it is, because the text assumed EI is still withheld — at that salary EI is already capped. All thirteen figures now match the calculator.
PEI bonus withholding corrected, and the calculator count is no longer hardcoded
The Prince Edward Island bonus page said a $75,000 earner sees about 30% withheld; with PEI’s 16.6% bracket on top of the 20.5% federal rate it is about 37% before CPP and EI. The About page also claimed the site has "nearly 200" calculators while the home page counted 129 — both now read the same number straight from the calculator list, so they cannot drift apart again.
Down-payment thresholds updated to the $1.5M insured cap
The French mortgage-affordability page still showed the old insurance boundaries — 10% down applying up to $999,999 and 20% required from $1,000,000. The insured mortgage cap rose from $1 million to $1.5 million in December 2024, so the 10% band now runs to $1,499,999 and the 20% requirement starts at $1,500,000. The same gap appeared in a category FAQ, which jumped from $999,999 straight to $1.5 million and left the range between them unexplained. Ottawa’s property-tax page also described the city as Ontario’s capital; it is Canada’s.
Bonus withholding ranges corrected for Manitoba, Nova Scotia and Saskatchewan
Three provincial bonus pages quoted withholding ranges that their own calculators disagreed with. On a $5,000 bonus at a $75,000 salary the income tax is about 33.25% in Manitoba and 33% in Saskatchewan, not the 30–32% and 28–30% the text claimed, and Nova Scotia reaches roughly 41% once CPP2 and EI are counted rather than the 31–33% shown. The payroll-tax calculator also labelled the statutory rate as the effective rate: an Ontario employer with a $2M payroll pays 1.95% on the amount above the $1M exemption, which is 0.97% of total payroll, and both figures are now shown.
Top combined tax rates now point at the right income on every provincial page
New Brunswick’s page said its 52.5% top combined rate applies above $193,861. That is where New Brunswick’s own 19.5% bracket starts — the combined rate needs the top federal bracket too, at $258,482. The same wording was tightened on Prince Edward Island. Two ranking claims were also off: Yukon’s 48% is level with Alberta and just above Saskatchewan rather than below every province outside the Prairies, and the Northwest Territories page called Nunavut a province. All thirteen provincial and territorial pages have now been checked for this, and the arithmetic on each was verified against the tax engine to the cent.
Daycare costs now reflect each province’s real subsidised rate
The cost-of-raising-a-child calculator assumed $10-a-day daycare everywhere. Ontario has not reached that target — it caps parent fees at $22 a day through the end of 2026 — and Quebec’s reduced contribution is $9.65 a day, indexed each January. Raising one child from birth to 18 in Ontario therefore costs about $301,100 rather than $282,600. The rate now follows the province you pick, and Ontario carries a note explaining the cap. The French student-loan page also still valued the interest credit at 15%; it is the lowest federal rate, which fell to 14% for 2026 under Bill C-4 — the English page was corrected in August but its French twin was missed.
GIS income thresholds clarified, and French decimal separators corrected
The GIS calculator listed the same figure against both "Full GIS" and "No GIS" — around $22,800 for a single recipient. That number is the cut-off where the supplement reaches zero; the full amount is only payable with essentially no other income. Both rows now say what they mean. Six French pages were also printing decimals with a period instead of a comma in visible text — a payoff time reading "2.3 ans" rather than "2,3 ans" on the down-payment, credit-card, line-of-credit, compound-interest, currency-converter and ROI calculators — along with a few missing accents ("Taux marginal combine", "Reste a epargner") and one English label left on a French page.
Manitoba payroll-tax thresholds updated, and three provincial rankings corrected
Manitoba raised its Health and Post Secondary Education Tax Levy exemption to $2.5 million and its full-rate threshold to $5 million on January 1, 2026. The Manitoba page had the new numbers in one sentence but still described the reduced-rate band as $2.25M to $4.5M, and elsewhere said the levy starts above $2.25M. Three ranking claims were also wrong: Manitoba’s 50.4% top combined rate is lower than British Columbia’s 53.5%, not higher; Newfoundland’s $13,094 basic personal amount is the third-lowest in Canada, behind Nova Scotia and Ontario, not the second; and Nunavut’s $19,659 is the third-highest, behind Alberta and Saskatchewan. The savings-goal calculator was also counting money you have already saved inside "total you contribute".
Invoice calculator now charges Nova Scotia HST at 14%, and RRSP/TFSA contribution totals corrected
The invoice calculator kept its own list of provincial tax rates instead of the shared one, and that list still had Nova Scotia at 15% HST — the rate dropped to 14% on April 1, 2025 and was corrected everywhere else on the site last June. On a $3,450 invoice the tax is $483.00, not $517.50. The Northwest Territories, Nunavut and Yukon were also missing from the province list and have been added at 5% GST. Separately, the RRSP and TFSA projections counted your existing balance as part of "total contributions": with $10,000 already saved and $6,000 a year for 25 years, the RRSP page showed $160,000 contributed while its own tax-savings figure was calculated on the real $150,000. The opening balance is now shown as its own segment. Saskatchewan’s income-tax page also had its ranking backwards — at 47.5% its top combined rate is the lowest of any province, with Alberta next at 48%.
Net worth benchmarks refreshed to the 2023 Survey of Financial Security
The net worth page was quoting the 2019 Survey of Financial Security while labelling it 2023. Statistics Canada released the 2023 survey in October 2024: the median net worth of Canadian families is $519,700, not $329,900, and every row of the by-age table moved with it — $159,100 under 35, $409,000 at 35–44, $676,000 at 45–54, $873,000 at 55–64 and $1,109,700 at 65 and over. The homeowner-versus-renter line now uses the survey’s own comparison for families aged 55 to 64. The dividend page also compared ten years of reinvested dividends against a first-year figure, which overstated what DRIP adds: the shares appreciate whether or not you reinvest, so the honest comparison at year 10 is about $5,690 with reinvestment versus roughly $3,665 without.
HELOC and line-of-credit rates rebased to the 4.45% prime
The HELOC and line-of-credit calculators still assumed a 5.70% prime rate. Canada’s prime has been 4.45% since October 2025 and the Bank of Canada has held the overnight rate at 2.25% through its last six decisions, so both pages defaulted a HELOC to 6.20% when the real figure for a strong borrower is 4.95% — on $50,000 drawn that is $206.25 of monthly interest, not $258.33. The rate tables on both pages were rebased too. Three smaller corrections: the Nova Scotia page said the 54% top combined rate starts at $157,124, which is where Nova Scotia’s own 21% bracket starts — the combined rate needs the federal top bracket at $258,482; the overtime page listed Alberta with British Columbia at 40 hours a week when Alberta uses 8 hours a day or 44 a week; and the spousal RRSP "% more" figure was measured against the gross RRSP value, which just restated the marginal-rate spread, so it now compares against the personal-RRSP net (23.1% rather than 15.0% on the default example).
Parental leave weeks, employer CPP2 and RESP contributions corrected
The parental leave calculator was giving every claimant the full 40 weeks of standard parental benefits (69 extended). Those are the totals two parents may share — one parent on their own can claim at most 35 weeks (61 extended), so the page now asks whether you are claiming alone or sharing. At $65,000 that is $34,375 rather than $37,812.50 for a sole claimant. The maximum-combined-weeks row also double-counted the sharing bonus, showing 60 and 92 weeks instead of the correct 55 and 84. Separately, the payroll and employee-vs-contractor calculators matched only the first tier of CPP: an employer also matches CPP2, so on an $80,000 salary the employer’s CPP is $4,446.45, not $4,230.45. And the RESP planner was counting your existing balance as part of "total contributions" — with $5,000 already saved it showed $40,000 contributed over 14 years when the contributions are $35,000.
Quebec tuition credit corrected to 8%, plus BC rates and tax-return-estimator fixes
Quebec’s tuition tax credit is a flat 8% — it is the one province where the rate is not the lowest bracket rate — but the calculator was still valuing it at 14%, overstating a Quebec student’s provincial credit by three quarters. On $8,000 of tuition the provincial credit drops from $1,120 to $640. The BC income-tax page said the lowest rate was 5.06% and the top bracket started at $259,829; both were last year’s figures, and its own table already had the right ones (5.60% and $265,545). The tax-return estimator was calculating CPP and EI on income after RRSP and FHSA deductions — those deductions do not reduce pensionable earnings, so CPP on a $75,000 salary with a $5,000 RRSP contribution is $4,246.45, not $3,956.75 — and its charitable and medical credit rates are now 14%, the 2026 lowest federal rate. The HBP repayment page also counted the two grace years against your remaining 15, showing 13 years left when repayment had not yet begun.
Stress test now compounds semi-annually — plus corrected employer payroll and small-business figures
The mortgage stress test was compounding interest monthly. Canadian mortgages compound semi-annually by law, and the rest of the site already did — so the qualifying payment was overstated by about $37 a month on a $500,000 mortgage at 7.5%, pushing GDS and TDS higher than they should be. On the default example the stressed payment drops from $3,694.96 to $3,657.77. Three figures were also out of step with their own calculators: employer CPP and EI on a $65,000 salary are $3,659 and $1,483 (the page said $3,800 and $1,600), the combined small-business tax rate tops out at 12.2% in Ontario and Quebec with BC and Alberta at 11% (the text had Ontario at 12.5% and BC at 12.2%), and the lowest federal bracket used in the dividend explanation is 14%, not 15%.
Quebec first-time buyers: the new home-access credit, and a schedule for the rest of Quebec
Quebec introduced a refundable tax credit for access to property for homes acquired after December 31, 2025. It returns 100% of the first $5,000 of welcome tax plus 25% of the next $3,500 — up to $5,875 — shrinking by 2.35% of the duty basis above $750,000 and reaching zero at $1,000,000. The Quebec calculator now applies it when you tick “first-time home buyer” (the box previously did nothing, because Quebec had no relief to apply). The same page also gained a municipality switch: Montreal has its own brackets up to 4%, but the rest of the province stops at 1.5% above $315,000, so the old Montreal-only maths overstated the tax everywhere else — on an $800,000 home, $11,349 in Montreal versus $10,110.50 under the provincial baseline. Montreal’s own Home Purchase Assistance Program, which the page still described, closed to new applications on July 7, 2026.
Ontario surtax thresholds, self-employed CPP and childcare figures corrected
Three data corrections. The Ontario income-tax page still showed the 2025 surtax thresholds — the 20% surtax starts once Ontario tax passes $5,818 and the extra 36% at $7,446 for 2026, not $5,710 and $7,307. The self-employed vs employee comparison was leaving CPP2 out of the CPP figure and overstating the tax: on $100,000 of net income in Ontario it is $4,646 of CPP per portion and about $20,680 of federal plus provincial tax. And the Toronto–Montreal comparison was quoting $9-a-day Quebec daycare with “no equivalent in Ontario”; Quebec’s reduced contribution is $9.65 a day in 2026 and Ontario caps fees at $22 a day under the Canada-Wide system, so the saving is nearer $3,000 a year per child than $15,000.
Quebec LIF withdrawals are no longer capped — and Newfoundland uses the provincial table
Two corrections to the LIRA/LIF calculator, both verified against the regulators. Quebec abolished the LIF maximum withdrawal for holders aged 55 and over on January 1, 2025 — the calculator was still applying a cap of about 6.5–51%. A Quebec LIF holder past 55 can now withdraw any amount above the mandatory minimum; in exchange, transfers from a Quebec LIF to an RRSP or RRIF are no longer permitted. Newfoundland & Labrador was showing the federal formula; the province publishes the same 6% table used by Ontario, Alberta, BC, Manitoba, Nova Scotia and New Brunswick, so its maximums were understated. The French twin of this calculator had drifted further still — its federal and Newfoundland tables were several years out of date — and now mirrors the English one exactly. The age input is also relabelled to the convention every regulator publishes on: age at the start of the fiscal year.
OAS and GIS rolled to the July–September 2026 quarter
OAS and GIS are re-indexed every quarter, and the pages were still showing the April–June figures. The maximum monthly OAS is now $751.97 for ages 65–74 and $827.17 at 75+ (was $743.05 / $817.36), and the full recovery-tax point moves to $155,109 and $161,088. Maximum GIS rises to $1,123.17 a month for a single recipient and $676.09 each for a couple who both receive OAS, with the official income cut-offs updated to $22,800 and $30,096. The GIS calculator also had the wrong reduction rate for couples — it applied the single rate of 50 cents per dollar instead of 25 cents per dollar of combined income, which understated a couple’s benefit. All figures verified against the Employment and Social Development Canada quarterly report.
Ontario minimum wage rises to $17.95 on October 1
Ontario’s general minimum wage goes from $17.60 to $17.95 on October 1, 2026 — the province’s annual CPI-indexed adjustment. The minimum-wage page now flags it alongside Saskatchewan’s scheduled increase to $15.70 on the same date. The rates shown remain the ones in force until September 30.
Student loan interest credit now 14%
The credit for interest paid on government student loans (line 31900) is worth the lowest federal personal tax rate, and that rate fell to 14% for 2026 under Bill C-4. The student loan page said 15%; it now shows 14%, so $500 of interest paid yields a $70 credit rather than $75. This is the same change that reduced the Home Buyers’ Tax Credit to $1,400. The federal portion of Canada Student Loans remains permanently interest-free.
Federal LIF withdrawal limits corrected to the official 2026 table
The maximum you may withdraw from a federally regulated LIF or RLIF is set by OSFI each January. Our table was slightly low — it tracked the 2025 reference rate rather than the 2026 one. It now matches OSFI exactly: 5.2096% at age 55, 6.0272% at 65 and 11.6128% at 80, reaching 100% at 89. Newfoundland and Labrador, which mirrors the federal formula, was updated with it. We also added a HELOC detail that catches people with re-advanceable mortgages: only the portion up to 65% of your home value can revolve — anything from 65% to 80% has to be amortizing, and paying it down permanently lowers your limit.
Vacation pay, termination notice and CMHC premiums corrected
A verification pass against employment-standards and CMHC sources found several calculators using rules that were too simple. Vacation pay now uses each jurisdiction’s real threshold instead of assuming five years everywhere — Quebec steps up to 6% after 3 years, the territories after 6, the Maritimes after 8, Newfoundland after 15, Saskatchewan reaches 7.69% after 10, and Yukon never increases. Ontario and Alberta were missing their 6% step entirely. A federal (Canada Labour Code) option was added, including the 8% tier after 10 years. Ontario termination notice now follows the statutory table (2 weeks from 1 to 3 years of service, not 1). And mortgage calculators now add the 0.20% CMHC surcharge that applies when amortization runs past 25 years.
Halifax property tax rate updated for 2026–27
Halifax Regional Municipality set its average urban general residential property tax rate at 0.798% ($0.798 per $100 of assessment) for the 2026–27 fiscal year, up from 0.770%. The Halifax property tax calculator now uses the exact figure. Verified against halifax.ca. Alberta income-tax brackets, land-title fees and minimum wage, and Calgary’s rate, were re-checked against their sources and are unchanged.
Data corrections: BC foreign-buyer tax, carbon levy, OAS clawback, Quebec welcome tax
A source-verification pass corrected four figures. BC's additional foreign-buyer property transfer tax is a flat 20% of fair market value in the designated regions (a page previously described it as a 2% rate rising to 20%). The federal consumer carbon levy (fuel charge) was removed on April 1, 2025 — the fuel-cost page no longer shows a per-tonne carbon charge. For 2026, OAS is fully clawed back at about $154,708 for ages 65-74 and $160,647 at 75+. And the Quebec transfer-duty (welcome tax) second bracket now tops out at $315,000 (2026 indexed value, Gazette officielle du Québec). All verified against BC, federal and Quebec government sources.
Canada Child Benefit — new 2026–2027 benefit year
The Canada Child Benefit reset for the July 2026 to June 2027 benefit year, with a 2% inflation increase. The maximum is now $8,157 per child under 6 (up from $7,997) and $6,883 per child aged 6 to 17 (up from $6,748). The Child Disability Benefit rose to $3,480, and the income level where the benefit starts to phase out increased to $38,237. The child-benefit calculator and related pages are updated in both languages.
GST/HST credit becomes the Canada Groceries and Essentials Benefit (CGEB)
From July 2026 the GST/HST credit is paid as the new Canada Groceries and Essentials Benefit (CGEB). Eligibility and the calculation are unchanged, but amounts are 25% higher for five years (2026–2031). The maximums are now $679 for a single adult, $890 for a couple, and $234 per child under 19, with the phase-out beginning at $46,432 of family net income. Our GST/HST credit calculator is updated to the new CGEB amounts in both languages.
Home Buyers' Tax Credit and Calgary property tax corrected
The federal Home Buyers' Tax Credit is now $1,400 — it is valued at the lowest federal tax rate, which dropped to 14% for 2026, so $10,000 × 14% = $1,400 (down from $1,500 at the old 15% rate). Calgary's 2026 residential property tax rate was also updated to about 0.665%. Both were flagged by our freshness monitor and verified against official sources.
Mid-year 2026 data refresh
A follow-up freshness pass updated the remaining 2026 figures across the calculators: OAS clawback ($95,323), CPP maximum pension ($1,508/month), EI maximum benefit ($729/week), provincial disability tax credits across 10 provinces, employer payroll taxes (BC, Manitoba, Quebec), Bank of Canada overnight (2.25%) and prime (4.45%) rates, the lifetime capital gains exemption ($1.275M), 2026 vehicle deduction limits, Nova Scotia HST (14%), the Quebec tuition credit (8%), the Roulez vert rebate ($2,000), Montreal welcome-tax brackets, the federal LIF withdrawal table, and Alberta land-title fees. All verified against official CRA, provincial and Bank of Canada sources.
iOS app now on the App Store
CALK Canada is now available as a free app on the Apple App Store for iPhone and iPad. Every calculator works fully offline, and content updates automatically with no app store update required.
2026 rates and benefits refreshed
A province-by-province freshness pass updated dozens of 2026 government figures in both languages: minimum wages (13 provinces/territories + federal), GST/HST credit, Canada Child Benefit, OAS clawback thresholds, CPP maximums, Quebec QPIP (0.430%), property tax rates for 23 cities, and the disability and caregiver tax credits. All verified against official CRA, Service Canada and provincial sources.
22 new calculators added
Major expansion across benefits, tax credits, and financial planning. Includes Canada Child Benefit (CCB), GST/HST Credit, Canada Workers Benefit, Canada Dental Benefit, Disability Tax Credit, Caregiver Credit, Tuition Credit, HBTC, HELOC, Reverse Mortgage (CHIP), HISA, Real Estate Commission, Spousal RRSP, Crypto Tax, FIRE calculator, Pension Splitting, Income Splitting, LIRA/LIF, Prescribed Rate Loan, Bonus Tax, Wedding Budget, and Cost of Raising a Child. All available in English and French.
Enhanced calculators: RRIF, OAS, Severance Pay, Tax Return
Four major calculators got new modes. RRIF now compares three withdrawal strategies (minimum vs even drawdown vs tax-optimized meltdown). OAS includes age 65-70 deferral comparison with breakeven analysis. Severance Pay added the Bardal factors wizard for common-law notice estimates. Tax Return Estimator now supports detailed deductions and credits.
Regional pages: 31 new location-specific calculators
Bonus Tax by province (13 pages for all provinces and territories), 8 new property tax city calculators (Quebec City, London, Halifax, Victoria, Saskatoon, Regina, St. John's, Kitchener), and 10 cost-of-living city comparisons (Toronto vs Vancouver, Calgary vs Edmonton, Halifax vs Toronto, and more).
Salary after-tax pages by province
You can now see a detailed tax breakdown for any salary in a specific province. Available for 10 salary levels across all 13 provinces and territories in French.
Sales tax pages by province
New dedicated pages for each province showing GST/HST/PST rates, before/after tax calculations for common amounts, and comparisons with other provinces.
Mortgage payment pages by province
Province-specific mortgage pages with average home prices, typical payment calculations, and local housing market context for all 13 provinces.
Educational guides added to every calculator
All 189 calculator pages now include detailed guides explaining how the calculation works, with data tables, practical tips, and links to official Canadian sources.
More salary pages: $25K to $500K
Salary after-tax pages now cover 47 amounts from $25,000 to $500,000 in both English and French. See your take-home pay by province for any income level.
Improved mobile experience
Calculator layouts now adapt better on phones: comparison panels stack vertically, buttons are larger for easier tapping, and data tables scroll smoothly on small screens.
CPP maximum benefit updated for 2026
The CPP benefits calculator now reflects the 2026 maximum of $1,507.65/month at age 65. Early start (age 60) reduces your benefit by 36%; deferring to 70 increases it by 42%.
Carbon tax set to $0
The federal consumer carbon tax was eliminated on March 15, 2025. The calculator now shows the $0/tonne rate and notes that Climate Action Incentive Payment (CAIP) rebates have ended.
Parental leave benefits updated
EI maternity and parental benefit calculator updated with 2026 values: maximum weekly benefit of $729 (standard) and $437 (extended), based on max insurable earnings of $68,900.
All 2026 tax year rates confirmed
Federal and provincial tax brackets, CPP/CPP2/EI rates, TFSA limit ($7,000), RRSP limit ($33,810), OAS/GIS amounts and CMHC insurance premiums verified against official CRA, CMHC and Bank of Canada publications.
calk-ca.com launched with 250+ calculators
120+ English and as many French calculators for income tax, mortgage payments, RRSP, TFSA, CPP, OAS, car loans, business tools, health calculators and more. All calculations use official 2026 Canadian data.
Full French bilingual support
Every calculator is available in both English and French. Switch languages using the toggle in the header or footer. French pages use Canadian financial terms: REER, CELI, RPC, AE, SCHL.
Android app on Google Play
CALK Canada is available as a free app on the Google Play Store. Works offline for core calculators so you can use it anywhere.
Dark mode and offline support
Choose between light, dark, or system theme. The site works offline as a Progressive Web App, so your most-used calculators load even without internet.