Canada Tax Cheatsheet 2026
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The CRA applies these federal figures for the tax year shown, Quebec and other provinces layer their own provincial tax brackets and credits on top.
| Allowance / Band | Amount | Notes |
|---|---|---|
| Basic Personal Amount | $16,452 | Federal, 2026 |
| First Tax Bracket | Up to $58,523 | 14% |
| Second Tax Bracket | $58,523 – $117,045 | 20.5% |
| Third Tax Bracket | $117,045 – $181,440 | 26% |
| Fourth Tax Bracket | $181,440 – $258,482 | 29% |
| Fifth Tax Bracket | Over $258,482 | 33% |
| TFSA Contribution Limit | $7,000/year | Cumulative room since 2009: $109,000 (age 18+ in 2009) |
| RRSP Contribution Limit | 18% of prior-year income, up to $33,810 | 2026 limit; plus unused carry-forward room |
| CPP Max Pensionable Earnings | $74,600 | 2026 |
| FHSA Contribution Limit | $8,000/year | Lifetime max $40,000, for first home |
Want to work out what these federal brackets mean for your take-home pay? Try our Salary Calculator or Savings Goal Calculator
For informational purposes only, not tax advice. Tax brackets, RRSP and TFSA figures apply to the 2026 Canadian federal tax year (CPP and basic personal amount are 2026 figures) and may change.
