Required MRR
See what you actually take home from your MRR after platform fees, business costs, and tax. Or find the MRR you need for a target income.
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United Kingdom🇺🇸
United States🇨🇦
Canada🇩🇪
Germany🇫🇷
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Portugal
$
200 paying customers
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CAD
%
Stripe Fees CA$118
Standard (2.9%)
CA$58
Transaction fees (CAD 0.3/txn)
CA$60
Business Expenses (Monthly) CA$45
Email Platform
CA$30
Domain & SSL
CA$15
All business income flows through to personal tax return. Self-employed individual pays both employee and employer CPP contributions. No separate business entity.
Taxes & National Insurance CA$255
Federal Income Tax Basic personal amount of $16,129 for net income up to $177,882. Reduced linearly to $14,538 at net income of $253,414. Effective 14.5% for first bracket in 2025 (15% Jan-Jun, 14% Jul-Dec).
CA$71
Canada Pension Plan (CPP) Self-employed pay both employee and employer CPP contributions. 11.9% on earnings between $3,500 and $71,300 (max $8,068.20). CPP2: 8.0% on earnings between $71,300 and $81,200 (max $792.00). Half of CPP is deductible from income.
CA$184
Fees 6% Expenses 2% Tax 13% Take-Home 79%
Net Take-Home CA$1,582 /mo CA$18,980 /yr