Taxes
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2026 federal and provincial tax brackets
Canada taxes income at both the federal and provincial level, and both use marginal brackets: you only pay a bracket's rate on the income that falls inside it, not on your whole income.
| Taxable income | Marginal rate |
|---|---|
| $0 to $58,523 | 14.00% |
| $58,523 to $117,045 | 20.50% |
| $117,045 to $181,440 | 26.00% |
| $181,440 to $258,482 | 29.00% |
| Over $258,482 | 33.00% |
| Taxable income | Marginal rate |
|---|---|
| $0 to $53,891 | 5.05% |
| $53,891 to $107,785 | 9.15% |
| $107,785 to $150,000 | 11.16% |
| $150,000 to $220,000 | 12.16% |
| Over $220,000 | 13.16% |
Key 2026 amounts
Federal basic personal amount
$16,452
Maximum amount; reduced for higher incomes.
FHSA annual contribution limit
$8,000
RRSP deduction limit
18.00%
18% of prior-year earned income, up to the annual maximum.
TFSA annual contribution limit
$7,000
Rates are published by the CRA and provincial tax authorities and can change with each budget. This page is general information, not tax advice. Check your specific situation with a tax professional or the CRA.