calculate_canada_federal_tax
Estimate Canadian federal income tax using CRA brackets and basic personal amount. Enter annual income to compute taxable income, federal tax, and effective/marginal rates.
Instructions
Calculate Canadian FEDERAL income tax using CRA brackets and the basic personal amount. Use for a federal-only estimate; provincial/territorial tax and CPP/EI are NOT included, so the real total tax is higher. Input: income_cad (annual income in CAD). Returns basic personal amount, taxable income, federal tax, effective and marginal rates. Read-only, deterministic, estimate only.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| income_cad | Yes | Annual income in Canadian dollars (CAD) |