Provenance
Sources
We don't invent numbers — we cite them. Every tax rate, contribution limit, and planning assumption below links to the government or standards body that publishes it, so you (or your accountant) can verify each figure yourself. Launch scope: 2026 tax year, Ontario.
Federal income tax brackets, rates, and Basic Personal Amount (2026)
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-12
- 14% up to
- $58,523
- 20.5% up to
- $117,045
- 26% up to
- $181,440
- 29% up to
- $258,482
- 33% above
- $258,482
- Basic Personal Amount
- $16,452
Brackets and BPA are indexed annually.
Ontario income tax brackets, surtax, and Basic Personal Amount (2026)
Government of Ontario / Canada Revenue Agency
Tax year 2026· ontario· Verified 2026-09-12
- 5.05% up to
- $54,368
- 9.15% up to
- $108,737
- 11.16% up to
- $150,000
- 12.16% up to
- $220,000
- 13.16% above
- $220,000
- Basic Personal Amount
- $13,107
- Surtax
- 20% over $5,818 tax, +36% over $7,446
Lower brackets indexed; $150k/$220k thresholds fixed. Surtax 20% over $5,818 + 36% over $7,446.
Alberta income tax brackets and Basic Personal Amount (2026)
Government of Alberta / Canada Revenue Agency
Tax year 2026· canada· Verified 2026-09-12
- 8% up to
- $60,000
- 10% up to
- $151,234
- Basic Personal Amount
- $22,769
New 8% bracket on the first ~$60,000; no surtax; large BPA (~$22,769).
British Columbia income tax brackets and Basic Personal Amount (2026)
Government of British Columbia / Canada Revenue Agency
Tax year 2026· canada· Verified 2026-09-12
- 5.60% up to
- $49,279
- 7.70% up to
- $98,560
- Basic Personal Amount
- $12,932
Lowest rate 5.60%; no surtax.
Quebec income tax, abatement, QPP & QPIP (2026)
Revenu Québec / Canada Revenue Agency
Tax year 2026· canada· Verified 2026-09-12
- 14% up to
- $53,255
- 19% up to
- $106,495
- 24% up to
- $129,590
- 25.75% above
- $129,590
- Federal abatement
- 16.5% of federal tax
- QPP rate
- 6.40% (+ QPP2)
Quebec is a distinct system: 16.5% federal abatement, QPP (not CPP), QPIP, and a reduced EI rate.
Ontario Health Premium
Government of Ontario
Tax year 2026· ontario· Verified 2026-09-12
CPP contribution rates, maximums, and exemptions (2026)
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-12
- Employee rate
- 5.95%
- YMPE (ceiling)
- $74,600
- Basic exemption
- $3,500
- CPP2 rate
- 4.00%
- YAMPE (CPP2 ceiling)
- $85,000
- Max employee contribution
- ~$4,646
Includes CPP2 (second additional) on earnings between YMPE and YAMPE.
Employment Insurance premium rates and maximums (2026)
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-12
- Employee rate
- 1.63%
- Max insurable earnings
- $68,900
- Max annual premium
- ~$1,123
Rate outside Quebec.
RRSP dollar limits by year (18% of prior-year earned income, capped)
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-21
- 2026 dollar limit
- $33,810
- 2025 dollar limit
- $32,490
- 2024 dollar limit
- $31,560
- 2023 dollar limit
- $30,780
- 2022 dollar limit
- $29,210
- 2021 dollar limit
- $27,830
- 2020 dollar limit
- $27,230
- Or
- 18% of prior-year earned income
Your personal limit is the lesser of 18% of prior-year earned income or the dollar limit, plus unused carry-forward, minus pension adjustment. Over-contributing beyond room (plus the $2,000 cushion) attracts 1%/month tax.
TFSA annual dollar limits by year (unused room carries forward)
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-21
- 2026 annual limit
- $7,000
- 2025 annual limit
- $7,000
- 2024 annual limit
- $7,000
- 2023 annual limit
- $6,500
- 2019–2022 annual
- $6,000 / yr
- 2015 annual
- $10,000
- Cumulative (18+ since 2009)
- $109,000
Room starts the year you turn 18 and are a Canadian tax resident — not when you open the account. New residents get the full annual limit for their arrival year. Cumulative $109,000 assumes eligibility since 2009 with $0 contributed.
First Home Savings Account — limits and rules
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-12
- Annual limit
- $8,000
- Lifetime limit
- $40,000
- Tax treatment
- Deductible in, tax-free out (first home)
$8,000/yr, $40,000 lifetime; deductible in, tax-free out for a first home.
Home Buyers' Plan — $60,000 withdrawal limit and repayment
Canada Revenue Agency
Tax year 2026· federal· Verified 2026-09-12
- Max withdrawal
- $60,000 per person
- Repayment
- 15 years, interest-free
Up to $60,000 per person; 15-year repayment.
Canada Education Savings Grant (CESG) — RESP matching
Employment and Social Development Canada
Tax year 2026· federal· Verified 2026-09-12
- Grant rate
- 20%
- On first
- $2,500/child/yr → $500 grant
- Lifetime max
- $7,200/child
20% on the first $2,500/child/yr; $7,200 lifetime.
Old Age Security payment amounts and recovery tax (clawback)
Service Canada
Tax year 2026· federal· Verified 2026-09-12
- OAS at 65 (approx)
- ~$8,900/yr
- Clawback (recovery tax) starts
- ~$95,323 net income
Amounts adjusted quarterly; clawback threshold indexed annually.
CPP retirement pension amounts
Service Canada
Tax year 2026· federal· Verified 2026-09-12
- CPP max at 65 (2026)
- ~$18,092/yr
- Actual depends on
- your contribution history
Projection Assumption Guidelines — long-term return, inflation, and mortality
FP Canada
· canada· Verified 2026-09-12
- Long-run balanced return
- ~6.5% (net of fees)
- Inflation assumption
- 2.0%
The Canadian standard for financial-planning return and inflation assumptions. Our expected returns are net of fees; treat as planning assumptions, not guarantees.
Figures are indexed annually — verify against the official source for the current tax year before relying on them. Estimates only; not financial advice.