Tax Summary
Rate Breakdown
RRSP Optimization
Based on your income, here's your 2026 RRSP impact.
More Free Canadian Tax Tools
Specialized calculators for every tax situation.
RRSP Calculator
Project your retirement savings and calculate this year's tax refund from your RRSP contribution.
Capital Gains Tax
Calculate the exact tax on selling stocks, property, or other investments with 50% inclusion.
CPP & EI Calculator
See your exact CPP contributions and EI premiums for 2026, including the employer match.
Salary vs. Dividend
Find the most tax-efficient way to pay yourself from your incorporated business.
2026 Tax Brackets
Full federal and provincial bracket tables for every province, including the basic personal amount.
Compare Provinces
See which province has the lowest taxes at your income level, side by side.
Province-Specific Tax Calculators
Each province has its own tax brackets, basic personal amount, and surtax rules. Select your province for a calculator optimized with province-specific rates, bracket tables, and FAQ.
Canadian Income Tax — FAQ
Common questions about calculating your 2026 federal and provincial taxes.
How is Canadian income tax calculated for 2026?
Canada uses a progressive marginal tax system. You pay a lower rate on the first dollars earned and a progressively higher rate on each bracket above that. Your total bill combines federal income tax (set by CRA) and provincial tax (set by your province). Employees also pay CPP contributions and EI premiums.
What is the 2026 federal basic personal amount?
The 2026 federal BPA is $16,129. Every Canadian resident claims this as a non-refundable tax credit, reducing federal tax by $2,419.35 (15% × $16,129). Each province also has its own basic personal amount.
How much RRSP room do I have for 2026?
Your 2026 RRSP limit is 18% of your 2023 earned income, up to $31,560, plus unused room from prior years. RRSP contributions reduce your net income dollar-for-dollar, generating a refund at your marginal rate.
What are the 2026 CPP and EI rates?
CPP: 5.95% on employment earnings between $3,500 and $68,500 (max $3,867.50). EI: 1.66% on insurable earnings up to $63,200 (max $1,049.12).
How are capital gains taxed in Canada in 2026?
Only 50% of capital gains are included in your taxable income. A $10,000 gain adds $5,000 to your net income, taxed at your marginal rate. TaxClear applies the correct 50% inclusion automatically.