2026 Tax Rates ( 2025 Rates Below)
Federal Tax Rates Indexing Factor 2.7%
Income Federal tax rate
$16,452 – $58,523 14%
$58,523 – $117,045 20.5%
$117,045 – $181,440 26%
$181,440 – $258,482 29%
Above $258,482 33%
Note: The lowest rate dropped from 15% to 14% for the full 2026 year.
2026 Provincial and Territorial Income Tax Rates
Prov/Terr Lowest Rate Up To Next Brackets
Alberta 8% $61,200 10%, 12%, 13%, 14%, 15%
British Columbia 5.06% $50,363 7.7%, 10.5%, 12.29%, 14.7%, 16.8%, 20.5%
Manitoba 10.8% $47,000 12.75%, 17.4%
New Brunswick 9.4% $52,333 14%, 16%, 19.5%
Newf & Lab. 8.7% $44,678 7 brackets to 21.8%
Nova Scotia 8.79% $30,995 14.95%, 16.67%, 17.5%, 21%
Ontario 5.05% $53,891 9.15%, 11.16%, 12.16%, 13.16%
PEI 9.5% $33,928 13.47%, 16.6%, 17.62%, 19%
Saskatchewan 10.5% $54,532 12.5%, 14.5%
Northwest Terr 5.9% $53,003 8.6%, 12.2%, 14.05%
Nunavut 4% $55,801 7%, 9%, 11.5%
Yukon 6.4% $58,523 9%, 10.9%, 12.8%, 15%
2026 Tax Credits
Basic personal $16.452
Spouse or common-law partner $16.452
Eligible dependant amount (same as spouse amount above)
Age amount $9,208
Age Amount Income Threshold $46,432
Canada Employment amount $1,500
Caregiver amount (under 18) $2,740
Caregiver amount (over 18) $8,773
Disability amount $10,341
Medical expense (excess of 3% net income or $2,890
Home Buyer’s Amount $1,500
2026 Employment Insurance
EI premium rate 1.63%.
Max insurable earnings $68,900
Maximum employee premium $1,123.07
Employer premiums (unchanged) 1.63 X employee contribution.
Maximum employer premium $1,572.30
2026 Canada Pension Plan
CPP Rate 5.95% of yearly annual pensionable earnings
Maximum pensionable earnings $74,600
Basic pensionable earnings exemption (unchanged) $3,500.00
Maximum employer & employee contributions $4,230.45
Maximum self-employed contribution $8,460.90
2026 Other
Old Age Security Clawback $95,353
Maximum TFSA Contribution $ 7,000
RRSP contribution limit $33,810
2025 Tax Rates
Federal Tax Rates Indexing Factor 2.7%
Income Federal tax rate
$15,000–$57,375 15%
$57,375–$114,750 20.5%
$114,750–$177,882 26%
$177,882–$253,414 29%
Above $253,414 33%
2025 Tax Credits
Basic personal $16.129
Spouse or common-law partner $16.129
Eligible dependant amount (same as spouse amount above)
Age amount $9,028
Age Amount Income Threshold $45,522
Canada Employment amount $1,471
Caregiver amount (under 18) $2,687
Caregiver amount (over 18) $8,601
Disability amount $10,138
Medical expense (excess of 3% net income or $2,833
Home Buyer’s Amount $1,500
2025 Employment Insurance
EI premium rate 1.64%.
Max insurable earnings $65,700
Maximum employee premium $1,077.48
Employer premiums (unchanged) 1.64 X employee contribution.
Maximum employer premium $1508.47
2025 Canada Pension Plan
CPP Rate 5.95% of yearly annual pensionable earnings
Maximum pensionable earnings $71,300.00
Basic pensionable earnings exemption (unchanged) $3,500.00
Maximum employer & employee contributions $4,034.10
Maximum self-employed contribution $8,068.20
2025 Other
Old Age Security Clawback $93,454
Maximum TFSA Contribution $ 7,000
RRSP contribution limit $32,490
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