Salary vs. Dividend Calculator

Rates used: Federal small business rate (net): 9% (source); Ontario small business (lower) rate: 2.2% (source); Business limit (small business deduction): $500,000 (source); Non-eligible dividend gross-up: 15% (source); Federal dividend tax credit, non-eligible (% of taxable amount): 9.0301% (source); Ontario dividend tax credit, non-eligible (% of taxable amount): 2.9863% (2026) (source); CPP rate (employee and employer, each): 5.95% (source); YMPE: $74,600 (source); CPP2 rate (each): 4% (source); YAMPE (CPP2 ceiling): $85,000 (source); Federal basic personal amount (maximum): $16,452 (source); Ontario basic personal amount: $12,989 (source); Federal brackets (up to, rate) (source); Ontario brackets (up to, rate) (source).