Tax Guide/Start here
Key tax numbers for 2026
Updated November 4, 2026
A one-page reference for the figures people look up most often.
Federal tax rates
| Taxable income | Rate |
|---|---|
| Up to $58,523 | 14% |
| $58,523 to $117,045 | 20.5% |
| $117,045 to $181,440 | 26% |
| $181,440 to $258,482 | 29% |
| Over $258,482 | 33% |
Savings limits
| Account | 2026 limit |
|---|---|
| RRSP | 18% of 2025 earned income, up to $33,810 |
| TFSA | $7,000 (total room since 2009: $109,000) |
| FHSA | $8,000 a year, $40,000 lifetime |
Payroll
| Item | 2026 figure |
|---|---|
| CPP maximum pensionable earnings | $74,600 |
| CPP employee rate | 5.95% above the $3,500 exemption |
| CPP2 upper limit and rate | $85,000 at 4% |
| EI maximum insurable earnings | $68,900 |
| EI employee rate | 1.63% (1.30% in Quebec) |
Common credit amounts
| Amount | 2026 figure |
|---|---|
| Basic personal amount | Up to $16,452 |
| Age amount | $9,208 (reduced above $46,432 net income) |
| Canada employment amount | Up to $1,501 |
| Disability amount | $10,341 |
| Medical expense threshold | Lesser of 3% of net income or $2,890 |
| OAS recovery threshold | $95,323 |
| Lifetime capital gains exemption | $1,275,000 |