How to use it: type your numbers in the boxes (the examples are only there to show how it works) and the results update right away. Nothing is sent to us. Use Save my numbers to keep a copy on your own computer.
What this tool does and does not include
- The starting numbers are examples only. Replace them with your own.
- Simplified 2026 estimates for a British Columbia business or owner. They leave out many real-life details such as other income, deductions and credits.
- Rates and rules change. Confirm them with the firm or the government before you act.
- Information only. This is not tax, accounting, legal or financial advice.
Good to know
- Salary creates RRSP room and pays into CPP. Dividends do not. Think about retirement, not only this year.
- Your lender may look at salary more favourably than dividends when you apply for a mortgage.
- Use the payroll calculator to see what an employee costs, and the incorporation calculator if you are not yet incorporated.
Business help in BC
Links open other websites. Programs change, so check each one is current.
- CRA: corporations – corporate tax rules
- CRA: payroll – CPP, EI and remittances
- Small Business BC – free advice, guides and seminars
- Talk to the firm – book an initial consultation
More business tools
Want advice for your own situation?
This free tool is a courtesy of HJ Wu & Company Inc. (CPA), a Vancouver CPA firm offering accounting, tax, financial reporting and review assurance. Feedback on the calculators is welcome.