Self-Employed Tax Calculator Canada 2025

Settings

Province / Territory

Tax Year

Income (T2125)

Gross Business Revenue ($)

Total sales/fees before expenses

Other Income ($)

Grants, subcontracting, other business income

Deductible Business Expenses

Advertising ($)

Meals & Entertainment ($)

Only 50% deductible — enter full amount

Professional Fees ($)

Office Supplies ($)

Phone & Internet ($)

Insurance ($)

Bank Fees ($)

Salaries / Subcontractors ($)

Other Expenses ($)

Estimated Income Tax

Federal + provincial (after CPP deduction)

—

Net Business Income

—

Total CPP (both sides)

—

Taxable Income (after CPP deduction)

—

Effective Tax Rate

—

Income Summary

Gross Business Revenue—

Other Income—

Total Income—

Total Expenses—

Meals (50% only deductible)—

Net Business Income (T2125)—

CPP Contributions (Self-Employed Pay Both Sides)

CPP1 Pensionable Earnings—

CPP1 Employee Portion (5.95%)—

CPP1 Employer Portion (5.95%)—

CPP2 Total (4% each side)—

Total CPP Contributions—

Employer Half (deductible from income)—

Tax Summary

Net Business Income—

Less: CPP Employer Deduction—

Taxable Income—

Estimated Federal + Provincial Tax—

Total CPP Contributions—

Total Amount Owing—

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Self-Employed Tax Calculator 2025

File Your T2125 Correctly