Income Tax Calculators

Knowledge is power. Do you know that life can be made easier and less stressful if we all knew about financial Calculators. They offer free, on line calculations to make life easier when questions arise.

Saving time is essential. Taking advantage of online calculators, and in this case income tax calculators, ensures you won't make crucial tax errors.  If you are unaware your income has bumped you up into another tax bracket it can have serious implications.  

Please find below a list of on line calculators to help speed up solutions to financial questions you may have.

Estimate Your Income Tax Quickly  

This is an I phone app you can install to approximate your personal income taxes at any time. They enable you to verify your employer is correctly deducting the proper deductions from your salary. You can also calculate based on another province, should you be contemplating moving to another part of the country.

Currency Calculators

On line they provide you with the daily conversion rates of any currency. Taking a trip of simply accepting another form of currency will give you up to the minuet fair exchange rates.

Calculate your RESP

This allow you to find out your annual contribution you've  already made for the year and what still can be added. It will take into consideration the compounding interest applied as well. Be confident in where you are at in your caps to ensure you're putting proper amounts aside when you're attempting to max out your contributions. 

Canadian Income Tax calculator

This helps you calculate how much have you already paid.  What will be your estimated refund be should you continue on your current plan? If you knew the variables you were in control of, it would inevitably impact the size of your refund.  

There are many more free calculator services out there waiting to be found to make your life easier. There is even one that will track your portfolio as your retirement stocks go up. Using that one daily may add stress to your life, however, checking it weekly may bring you piece of mind.

Using online calculators can invariably save you a lot of time, and in some cases provide you with answers you might not be able to figure out on your own.

For more valuable financial advice please visit us at prudentfinancialservices.net