What payroll deductions reduce take-home pay in Canada?
Income tax (federal and provincial), CPP contributions, and EI premiums are the main employee deductions for most workers.
Behavioral lens: Money illusion
Take-Home Pay Calculator
Federal and provincial tax, CPP, and EI. See your real net salary in 2026. Plus a behavioral lens on money illusion so the math matches your mindset.
Educational estimates only. Not personalized advice. Data targets 2026 Canadian rules.
Income inputs
$
$
Take-home pay
Net annual$63,566
Net monthly$5,297/mo
Net bi-weekly$2,445/pay
Federal tax$11,318
Provincial tax$4,965
CPP + EI$5,151
Effective tax rate25.2%
Behavioral lens: Money illusion
Money illusion on gross salary
Job offers and raises are quoted in gross dollars. Your brain budgets in net. Money illusion makes a $10,000 raise feel bigger than it is after tax and payroll deductions.
Budget from what hits your account
PsyFi builds spending plans from net cash flow and your money personality, not gross fantasy.
Budget from real take-home payFAQ
Is this PsyFi calculator free?
Yes. Every PsyFi free tool runs in your browser with no signup. We built them to pair accurate Canadian math with behavioral science, not to gate basic estimates behind an account.
Does PsyFi store what I type?
No. Inputs stay on your device. Nothing you enter is sent to PsyFi servers.
Is this personalized financial advice?
No. These are educational estimates using published Canadian rules for 2026. They are not tax, legal, mortgage, or immigration advice. Confirm current rates and your situation with qualified professionals before acting.
Estimates for education only. Not financial, tax, mortgage, immigration, or legal advice. Canadian rules and rates change. Verify current figures with qualified professionals before making decisions. PsyFi tools add behavioral context; they do not replace personalized planning.