2026 Tax Year

Canadian Income Tax Calculator

See your take-home pay and discover how RRSP contributions reduce your taxes across all provinces and territories.

Province or territory

Annual employment income

Pay frequency

Annual RRSP contribution

$0.00$50,000.00

Annual FHSA contribution

$0.00$8,000.00

Bi-weekly take-home

$2,167.91

after deductions

Annual net income

$56,365.73

after all taxes

Avg. tax rate

17.7%

Marginal rate

29.7%

Take-home

75.2%

Tax bracket breakdown

See how your income is taxed at each bracket

Federal tax

$9,267.73

$0 – $58,523

14.0%$8,193.22

$58,523 – $117,045

20.5%$3,377.79

$117,045 – $181,440

26.0%

$181,440 – $258,482

29.0%

$258,482 – ∞

33.0%

Provincial tax (Ontario)

$3,997.02

$0 – $53,891

5.1%$2,721.50

$53,891 – $107,785

9.2%$1,931.47

$107,785 – $150,000

11.2%

$150,000 – $220,000

12.2%

$220,000 – ∞

13.2%

Total income tax

$13,264.75

Payroll deductions

Once you reach the annual maximum, this deduction will stop being taken from your paycheque.

CPP

$4,246.45

Limit reached

on December 17

$1,123.07

Limit reached

on November 19

Total payroll deductions

$5,369.52

Annual summary

Gross income$75,000.00

Income tax−$13,264.75

Payroll deductions−$5,369.52

Net income$56,365.73

Coming soon: Full tax optimization

Get notified when we launch tools to optimize your RRSP, TFSA, and FHSA contributions.

How it works

Progressive tax brackets

Income is taxed in layers. Each portion is taxed at its applicable rate, with higher rates only applying to income above each threshold.

CPP & EI contributions

CPP is 5.95% on earnings between $3,500 and $74,600 (plus CPP2 on higher earnings). EI is 1.63% on earnings up to $68,900.

Provincial differences

Each province has its own tax brackets and rates. Quebec has additional unique deductions including QPP and QPIP.

RRSP tax deferral

Contributions reduce your taxable income now, so you pay less tax today. You'll pay tax when you withdraw in retirement.

This calculator provides estimates for informational purposes only and is not professional tax advice. Actual deductions may vary based on taxable benefits, other income sources, and your specific situation. For accurate tax planning, consult a qualified professional.