Key numbers — 2026
Every limit, threshold, and rate for the current tax year. Source: CRA. Updated Oct 2026
Federal income tax brackets
| Taxable income | Rate | Bracket rate (credit rate 14.00%) |
|---|---|---|
| $1 – $58,523 | 14.00% | 14.00% |
| $58,524 – $117,045 | 20.50% | 20.50% |
| $117,046 – $181,440 | 26.00% | 26.00% |
| $181,441 – $258,482 | 29.00% | 29.00% |
| Over $258,482 | 33.00% | 33.00% |
Federal BPA: $16,452 (phases to $14,829 above $181,440). Canada Employment Amount: $1,501.
CPP and QPP
| Parameter | CPP (outside QC) | QPP (Quebec) |
|---|---|---|
| Year's Maximum Pensionable Earnings (YMPE) | $74,600 | $74,600 |
| Year's Additional Maximum Pensionable Earnings (YAMPE) | $85,000 | $85,000 |
| Basic exemption | $3,500 | $3,500 |
| Employee contribution rate | 5.95% | 6.30% |
| Base rate (earns credit) | 4.95% | 5.30% |
| CPP2 / QPP2 rate (YMPE → YAMPE) | 4.00% | 4.00% |
| Max employee contribution (CPP1 only) | $4,230 | $4,479 |
Employment Insurance (EI) and QPIP
| Parameter | Value |
|---|---|
| Maximum insurable earnings | $68,900 |
| Employee premium rate (outside QC) | 1.63% |
| Employee premium rate (Quebec) | 1.30% |
| Max EI premium (outside QC) | $1,123 |
| QPIP — maximum insurable earnings | $103,000 |
| QPIP — employee rate | 0.43% |
| QPIP — self-employed rate | 0.60% |
RRSP, TFSA, and FHSA limits
| Account | Limit | Amount |
|---|---|---|
| RRSP | Annual dollar limit | $33,810 |
| RRSP | 18% of prior year earned income | 18% of earned income |
| TFSA | Annual contribution limit | $7,000 |
| TFSA | Cumulative room since 2009 (if eligible every year) | $109,000 |
| FHSA | Annual contribution limit | $8,000 |
| FHSA | Lifetime limit | $40,000 |
RRSP limit is the lesser of the dollar limit and 18% of prior year earned income. TFSA cumulative room assumes the taxpayer was 18+ and Canadian resident for every year since 2009.
Other key numbers
| Item | Amount | Notes |
|---|---|---|
| OAS clawback threshold | $95,323 | Net income above this reduces OAS by 15 cents per dollar |
| Lifetime capital gains exemption (LCGE) | $1,275,000 | On qualifying small business shares, farming, and fishing property |
| Capital gains inclusion rate | 50% | 50% of gain included in income; proposed 2/3 rate was cancelled March 2025 |
| Eligible dividend gross-up | 38% | Add 38% to actual eligible dividend to get taxable amount |
| Non-eligible dividend gross-up | 15% | Add 15% to actual non-eligible dividend to get taxable amount |
| Federal dividend tax credit — eligible | 15.02% | % of grossed-up eligible dividend |
| Federal dividend tax credit — non-eligible | 9.03% | % of grossed-up non-eligible dividend |
Source: CRA T4032 Payroll Deductions Tables and CRA Tax rates for individuals. All numbers are for the 2026 tax year. Last reviewed July 2026.