Budget 2016 Tax and Transfer Calculator

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Budget 2016 Tax and Transfer Calculator.pdf

View Tax Tool Calculator

The PBO’s new interactive web application allows individuals to examine the impact of many new tax and transfer measures presented in Budget 2016.  This includes:

  • Changes to personal income tax rates;
  • Repealing the Family Tax Cut Credit, the Universal Child Care Benefit, the Canada Child Tax Benefit, Textbook Tax Credit, Education Tax Credit;
  • Introducing a new Canada Child Benefit, as well as a Teacher and Early Childhood Educator School Supply Tax Credit;
  • Reducing the eligible amounts for the Children`s Fitness Tax Credit and the Children’s Arts Tax Credit; and,
  • Enriching Canada Student Grants, the Northern Residents Deduction, the Guaranteed Income Supplement, and Charitable Donation Tax Credit.

This application is provided for informational purposes only.  This application is not suitable for the calculation of total taxes payable or exact benefit payments.  This tool does not use cookies to store/collect personal information.