Online tools from the CRA and Service Canada

Here are some great tools on the CRA website to help in day to day activities that I personally use.

1) Payroll Deduction Online Calculator

Use the Payroll Deductions Online Calculator (PDOC) to calculate federal, provincial (except for Quebec), and territorial payroll deductions. It will confirm or allow you to calculate the deductions you include on your official statement of earnings.

http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/pdoc-eng.html

2) Videos and recorded webinars for businesses

To view numerous videos on various topics applicable to businesses, visit this page.

http://www.cra-arc.gc.ca/vdgllry/bsnss/menu-eng.html

3) Child and family benefits calculators

To estimate payments to which you may be entitled, you can use these Canada Revenue Agency calculators. Calculations are based on the information you enter in the calculator fields. You may be eligible for payments for the following:

Canada child tax benefit (CCTB) – includes related provincial and territorial benefits
Goods and services tax/harmonized sales tax (GST/HST) credit – includes related provincial credits
Working income tax benefit (WITB)

http://www.cra-arc.gc.ca/bnfts/clcltr/menu-eng.html

4) Automobile Benefits Online Calculator

The Automobile Benefits Online Calculator allows you to calculate the estimated automobile benefit for employees (including shareholders) based on the information you provide.

http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/bc-eng.html

5) Child and family benefits

http://www.cra-arc.gc.ca/bnfts/menu-eng.html

6) Canadian Retirement Income Calculator

This Service Canada calculator is an excellent tool for the use of estimating ongoing retirement income generated through OAS, CPP, employer pension, RRSPs and other sources based on past and intended contributions and payments.

http://www.servicecanada.gc.ca/eng/services/pensions/cric.shtml

Thanks to David Wickenberg of KWB Chartered Accountants for providing this content.

If you would like more information or have any questions, feel free to contact us at 780.466.6204, or click here to send us an email.

More Blog Posts

All Posts

Should Physicians Incorporate? What Still Works and What Doesn’t

Navigating Physician Incorporation: What Still Works and What Doesn’t Physician incorporation remains a complex but often beneficial strategy. Its effectiveness largely depends on how much income you personally require and how much can be left within the corporation. If you can consistently retain e

Learn More

Integrated Financial and Tax Planning for Yellowknife and Northern Canadian Business Owners

The overall financial health and success of your northern Canadian business ia improved through integrated planning that considers your current circumstances, your long-term goals, and the opportunities that are available to you. With KWB’s Integrated Planning for the Future, you’ll achieve the best

Learn More

Most Overlooked Tax Deductions for Canadian Business Owners

This article is an updated version of our earlier post on overlooked deductions. Read the original here. _________________________ Many business owners are missing key deductions that reduce taxable income. Key Deductions You May Be Missing Vehicle Expenses If you use a personal vehicle for business

Learn More

Canadian Entrepreneurs’ Incentive: A Tax Strategy for Selling Your Business Shares

For business owners planning a future sale, capital gains tax is often one of the largest costs of an exit. The Canadian Entrepreneurs’ Incentive (CEI) provides a reduced capital gains inclusion rate on qualifying share sales when specific conditions are met. While not every corporation will qualify

Learn More

Optimizing Your QuickBooks Online and Accounting Workflows for Improved Efficiency

Do you and your employees spend a lot of time completing tedious tasks manually? Things like bookkeeping, accounting, and payroll are important, but can be a distraction from the work you really enjoy, and from working ON your business rather than in it. The good news is, these and other internal pr

Learn More

Alberta’s 2026 Budget: What Business Owners Should Know

Alberta has released its 2026 Provincial Budget, outlining major investments in health, education, and workforce development alongside the province’s largest deficit since the pandemic. Here’s what business owners need to know. $9.4B Deficit: No Income Tax Changes for Businesses or Individuals Budge

Learn More