Self-Employed Take-Home Calculator
How much of your self-employment income do you actually keep? Enter your net income and province to see your take-home after income tax and CPP. No signup, nothing saved.
What comes off your income
- Income tax — federal + provincial, on your net income (after business expenses), at Canada's progressive rates.
- CPP — as a self-employed person you pay both halves (employee + employer), roughly double an employee's rate.
- What's left is your real take-home. LQID sets this aside for you in real time so you always know what's safe to spend.
Frequently asked
How much tax do the self-employed pay in Canada?
You pay federal + provincial income tax on your net income (after business expenses), plus CPP contributions. As a self-employed person you pay both the employee and employer halves of CPP — about double what an employee pays — which this calculator includes.
What counts as 'net self-employment income'?
Your business revenue minus your deductible business expenses, before income tax. That's the figure this calculator taxes — enter it, not your gross revenue.
Does this include HST/GST?
No — HST/GST is a separate tax you collect and remit; it isn't your income. This calculator estimates income tax and CPP on your net business income. (Wondering if you need to charge HST? Try our GST/HST checker.)
Is this my exact tax bill?
It's a solid estimate using current federal and provincial rates, but your real number depends on tax credits, other income (like a job or investments), RRSP room, and deductions. Always confirm with your accountant.
Know your take-home every day
LQID strips tax and CPP off every payment and shows your Safe-to-Spend in real time — so you never over-spend money the CRA is owed. Canadian cloud accounting for solo owners.
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