Canadian Tax Guide 2026
Federal Tax Brackets 2026
| Taxable Income | Federal Rate |
|---|---|
| Up to $57,375 | 15% |
| $57,375 – $114,750 | 20.5% |
| $114,750 – $158,519 | 26% |
| $158,519 – $220,000 | 29% |
| Over $220,000 | 33% |
These are marginal rates — each dollar is taxed at its bracket rate, not your entire income.
Provincial Top Marginal Rates 2026
AB
Alberta
15%
provincial top rate
ON
Ontario
13.16%
provincial top rate
BC
British Columbia
20.5%
provincial top rate
QC
Québec
25.75%
provincial top rate
NS
Nova Scotia
21%
provincial top rate
MB
Manitoba
17.4%
provincial top rate
SK
Saskatchewan
14.5%
provincial top rate
NB
New Brunswick
21%
provincial top rate
NL
Newfoundland & Labrador
21.3%
provincial top rate
PE
Prince Edward Island
18.75%
provincial top rate
Alberta (15%) has the lowest provincial rate. Quebec (25.75%) has the highest.
Key 2026 Limits
TFSA Annual Limit
$7,000
Unchanged from 2025
TFSA Lifetime Room
$102,000
For those eligible since 2009
RRSP Deduction Limit
18% of 2025 income
Max $32,490
FHSA Annual Limit
$8,000
Lifetime max $40,000
Basic Personal Amount
$16,129
Federal non-refundable credit
Capital Gains Inclusion
2/3 (above $250K)
Updated June 2024