Ontario Retirement
Tax Calculator
Enter your retirement income sources and see your combined federal and Ontario tax bill, effective rate, OAS clawback exposure, and personalized planning tips — updated instantly as you type.
✓ 2025 Ontario Tax Rates
✓ OAS Clawback Live
✓ All Income Types
✓ Instant Results
Your Profile
Your age and status affect available credits and OAS eligibility.
Include pension income tax credit
Worth ~$520/yr if you have eligible pension income (RRIF, DB pension)
Pension income splitting
Allocate up to 50% of eligible pension income to a lower-income spouse
Split Percentage 30%
30%
Income Sources
Enter annual amounts. Leave at zero for sources that don't apply.
Government Benefits
Canada Pension Plan (CPP)
Annual CPP retirement benefit
$
Old Age Security (OAS)
Annual OAS before clawback
$
Registered Accounts
RRIF / RRSP Withdrawals
Annual withdrawals (mandatory + discretionary)
$
TFSA Withdrawals
Tax-free, does not affect clawback
$
Pension & Employment
Employer DB Pension
Annual defined benefit pension payment
$
Part-Time / Employment
Any ongoing employment income
$
Investment Income
Eligible Canadian Dividends
From Canadian corporations (grossed-up 38%)
$
Capital Gains (taxable portion)
Enter 50% of total capital gain (the included amount)
$
Rental Income (net)
Net rental income after deductible expenses
$
Interest & Foreign Dividends
GIC interest, savings interest, foreign dividends
$
Estimated Annual Tax Owing
$0
Enter your income sources to calculate
$0
Total Income
$0
After-Tax Income
0.0%
Effective Rate
0.0%
Marginal Rate
OAS Clawback Status
Your net income is below the OAS clawback threshold.
Tax Breakdown
—
tax rate
💡 Planning Observations
Want a Full Tax Plan?
The calculator shows your current picture. A retirement tax plan shows you how to improve it — through RRSP meltdown, income splitting, TFSA optimization, and OAS clawback management.
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Disclaimer: This calculator uses simplified 2025 Federal and Ontario tax rates and does not account for all surtaxes, credits, deductions, or personal circumstances. Results are estimates for educational purposes only and do not constitute tax or financial advice. Consult a qualified tax professional for your specific situation.