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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$
172 paying customers
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CAD
%
Stripe Fees CA$197
Standard (2.9%)
CA$145
Transaction fees (CAD 0.3/txn)
CA$52
VAT (Value Added Tax) CA$238
VAT collected at 5% Revenue exceeds £30,000 threshold. Prices assumed VAT-inclusive.
CA$238
Business Expenses (Monthly) CA$65
Server Hosting
CA$50
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$958
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$458
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$501
Optimization:
Consider a Merchant of Record for VAT
Your revenue exceeds the VAT threshold. A Merchant of Record like Paddle handles VAT collection and remittance, simplifying compliance.
Fees 4% Expenses 1% Tax 24% Take-Home 71%
Net Take-Home CA$3,542 /mo CA$42,501 /yr