Taxes
Canadian Income Tax Brackets 2026
The 2026 federal income tax brackets (14% up to $58,523, rising to 33% over $258,482), every province’s rates, the $16,452 basic personal amount, and how much federal tax you pay at common incomes.
What are the federal tax brackets for 2026?
Five brackets: 14%, 20.5%, 26%, 29% and 33%. The thresholds rose 2% for inflation.
| 2026 taxable income | Federal rate |
|---|---|
| TopUp to $58,523 | 14% |
| $58,523 to $117,045 | 20.5% |
| $117,045 to $181,440 | 26% |
| $181,440 to $258,482 | 29% |
| Over $258,482 | 33% |
These rates apply to taxable income earned in 2026, which you report on the tax return you file in spring 2027.
Put it into practiceRRSP contribution limit 2026How do tax brackets work?
Each rate applies only to the part of your income inside that bracket. Earning more never lowers your take-home pay: moving into a higher bracket only taxes the extra dollars at the higher rate.
| Taxable income | Federal tax | Average federal rate | Marginal federal rate |
|---|---|---|---|
| Top$50,000 | $4,697 | 9.39% | 14% |
| $75,000 | $9,268 | 12.36% | 20.5% |
| $100,000 | $14,393 | 14.39% | 20.5% |
| $150,000 | $26,455 | 17.64% | 26% |
Federal tax below is after the basic personal amount credit only. Provincial tax, CPP and EI premiums and other credits are not included.
What is the basic personal amount for 2026?
$16,452. You pay no federal tax on that amount, worth $2,303 off your federal tax. It shrinks to $14,829 for net income between $181,440 and $258,482.
What are the provincial tax rates for 2026?
Every province and territory adds its own tax, based on where you live on December 31, 2026. Quebec residents file a separate provincial return with Revenu Québec, which sets its own rates.
| Province or territory | Lowest rate | Top rate | Top rate starts at |
|---|---|---|---|
| TopAlberta | 8% up to $61,200 | 15% | $370,220 |
| British Columbia | 5.6% up to $50,363 | 20.5% | $265,545 |
| Manitoba | 10.8% up to $47,564 | 17.4% | $101,200 |
| New Brunswick | 9.4% up to $52,333 | 19.5% | $193,861 |
| Newfoundland and Labrador | 8.7% up to $44,678 | 21.8% | $1,141,275 |
| Northwest Territories | 5.9% up to $53,003 | 14.05% | $172,346 |
| Nova Scotia | 8.79% up to $30,995 | 21% | $157,124 |
| Nunavut | 4% up to $55,801 | 11.5% | $181,439 |
| Ontario | 5.05% up to $53,891 | 13.16% | $220,000 |
| Prince Edward Island | 9.5% up to $33,928 | 20% | $200,000 |
| Saskatchewan | 10.5% up to $54,532 | 14.5% | $155,805 |
| Yukon | 6.4% up to $58,523 | 15% | $500,000 |
Some provinces also add surtaxes or health premiums on top of these rates, so combined rates can be higher than the two tables added together.
How much federal tax does an RRSP contribution save?
An RRSP contribution is deducted from your income, so it saves tax at your marginal rate. Provincial tax savings come on top.
| Taxable income | Federal tax saved by a $5,000 RRSP contribution |
|---|---|
| Top$50,000 | $700 |
| $75,000 | $1,025 |
| $100,000 | $1,025 |
| $150,000 | $1,300 |
When do I file my 2026 tax return?
Most people must file and pay any balance owing by April 30, 2027. Self-employed people and their spouses have until June 15, 2027 to file, but any balance owing is still due April 30.
Keep reading
TaxesIs Savings Account and GIC Interest Taxable in Canada?Yes: interest from savings accounts and GICs is taxable income in Canada unless it is earned inside a TFSA, RRSP or FHSA. How it is reported, the $50 T5 slip threshold, and how multi-year GIC interest is taxed each year.
Tax-free accountsRRSP Contribution Limit and Deadline 2026The 2026 RRSP limit is 18% of your 2025 earned income, up to $33,810. The deadline to contribute for the 2026 tax year is March 1, 2027.- Tax-free accountsTFSA vs RRSP: Which Is Better?When a TFSA beats an RRSP and vice versa, by income level, with the 2026 limits and the rules that decide it.
Tax-free accountsRRIF Minimum Withdrawals in CanadaYou must convert your RRSP by the end of the year you turn 71, and a RRIF then requires a minimum withdrawal every year. The CRA percentages by age, with examples on $100,000 and $500,000.
Official sources and further reading
Terms vary by product. Confirm the provider’s current terms before acting. This guide does not predict approval, realized value or credit-score changes. How WalletReturn calculates value