01
Salaried (PERM)
T4 employee with benefits + bonus
$
0%8%30%
$
Cash-equivalent value of employer-paid benefits (health, pension match, etc.).
0%10%18%
Calculator
Contract vs permanent. What you actually take home.
Compare salaried T4 employment, T4 hourly contracting, and incorporated CCPC (corp-to-corp) side by side. 2026 Canadian tax brackets, all 13 provinces. Pure math; no sign-in required.
02
T4 contractor
Hourly, paid on a payroll T4
$/hr
404652
How many weeks you actually bill in a year (allow for vacation, sick, gaps).
0%10%18%
03
C2C (incorporated)
CCPC paid as salary + dividend
$/hr
404452
How many weeks you actually bill in a year (allow for vacation, sick, gaps).
Dividend 40%Salary 60%
What share of corp profit you take as salary vs. eligible dividend.
$
Business expenses written off pre-tax: software, accountant, home office, etc.
0%10%18%
Estimated net annual take-home
Salaried
Net annual
$95,533
- Gross annual
- $121,840
- Federal tax
- $13,808
- Provincial tax
- $6,729
- CPP
- $4,646
- EI
- $1,123
- Effective tax rate
- 21.6%
- Net hourly equivalent
- $45.93 /hr
T4 contractor
Net annual
$112,698
- Gross annual
- $156,400
- Federal tax
- $24,280
- Provincial tax
- $13,652
- CPP
- $4,646
- EI
- $1,123
- Effective tax rate
- 27.9%
- Net hourly equivalent
- $61.25 /hr
C2C (incorporated)
Best fitNet annual
$120,614
- Gross annual
- $184,800
- Federal tax
- $24,036
- Provincial tax
- $15,748
- Corporate tax
- $8,110
- CPP
- $9,293
- Effective tax rate
- 30.9%
- Net hourly equivalent
- $68.53 /hr
C2C (incorporated) wins on these inputs.
$7,916 ahead of the runner-up.
What can flip this
{engagement} stays on top across the full 40–52 billable-week range.
Sensitivity to billable weeks
How each engagement's net annual changes across 40–52 billable weeks. Bold = row winner.
| Weeks | Salaried | T4 contractor | C2C (incorporated) |
|---|---|---|---|
| 40 | $95,533 | $100,268 | $110,907 |
| 42 | $95,533 | $104,411 | $115,782 |
| 44 | $95,533 | $108,555 | $120,614 |
| 46 | $95,533 | $112,698 | $125,447 |
| 48 | $95,533 | $116,841 | $130,279 |
| 50 | $95,533 | $120,938 | $134,947 |
| 52 | $95,533 | $124,986 | $139,541 |
How to read these numbers
- • Estimates only — not tax advice. Actual results depend on your circumstances and deductions.
- • Federal and provincial brackets reflect 2026 rates. CPP, EI, and dividend tax credits use 2026 thresholds.
- • RRSP contributions are capped at 18% of earned income (federal annual maximum applies). The slider lets you model up to that limit.
- • Defaults assume 40-hour weeks, ON province, and a CCPC small-business eligible salary/dividend mix.