The After-Tax Interest Calculator

Interest from Bank Accounts and GICs is taxed at your highest marginal rate. See how much of your "5% return" you actually get to keep.

Your Savings

Your Total Income

Used to estimate your marginal tax bracket.

Cash Saved / GIC Amount

Interest Rate / GIC Rate

The CRA's Cut

Gross Interest Earned

0% Return

Lost to Taxes

-$0

Est. Marginal Bracket: 0%

Your True After-Tax Return

Real Rate: 0%

Stop Paying Taxes on Your Interest.

If this money was sitting in a Wealthsimple TFSA instead of a taxable bank account, you would keep 100% of the interest. Alternatively, Wealthsimple Cash accounts pay out high interest rates with no lock-up periods.

Open a TFSA & Get $25 →