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Individual income tax rates and brackets for 2026.

Alberta

Individual income tax rates and brackets for 2026

During the 2026 taxation year the province of Alberta will levy individual income tax using the following income brackets and tax rates.

Tax Rate          Taxable Income Brackets

8.0%                     up to $61,200

10.0%                   $61,201 to $154,259

12.0%                   $154,260 to $185,111

13.0%                   $185,112 to $246,813

14.0%                   $246,814 to $370,220

15.0%                   over $370,220

Alberta does not impose an individual income tax surtax or a high-income surtax.

British Columbia

Individual income tax rates and brackets for 2026

During the 2026 taxation year the province of British Columbia will levy individual income tax using the following income brackets and tax rates.

Tax Rate          Taxable Income Brackets

5.06%                   up to $50,363

7.70%                   $50,364 to $100,728

10.50%                 $100,729 to $115,648

12.29%                 $115,649 to $140,430

14.70%                 $140,431 to $190,405

16.80%                 $190,406 to $265,545

20.5%                   Over $265,545

British Columbia does not impose an individual income tax surtax or a high-income surtax.

Manitoba

Individual income tax rates and brackets for 2026

During the 2026 taxation year, the province of Manitoba will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

10.8%                   up to $47,000

12.75%                 $47,001 to $100,000

17.40%                 over $100,000

The province of Manitoba does not impose an individual income tax surtax or a high-income surtax.

New Brunswick

Individual income tax rates and brackets for 2026

During the 2026 taxation year, the province of New Brunswick will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

9.4%                     up to $52,333

14.0%                   $52,334 to $104,666

16.0%                   $104,667 to $193,861

19.5%                   over $193,861

The province of New Brunswick does not impose an individual income tax surtax or a high-income surtax.

Newfoundland and Labrador

Individual income tax rates and brackets for 2026

During the 2026 taxation year, the province of Newfoundland and Labrador will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

8.70%                    up to $44,678

14.50%                  $44,679 to $89,354

15.80%                  $89,355 to $159,528

17.80%                  $159,529 to $223,340

19.80%                  $223,341 to $285,319

20.80%                  $285,320 to $570,638

21.30%                  $570,639 to $1,141,275

21.80%                  over $1,141,275

The province of Newfoundland and Labrador does not impose an individual income tax surtax or a high-income surtax.

Northwest Territories

Individual income tax rates and brackets for 2026

During the 2026 taxation year, the Northwest Territories will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

5.9%                     up to $53,003

8.6%                     $53,004 to $106,009

12.2%                   $106,010 to $172,346

14.05%                 over $172,346

The Northwest Territories does not impose an individual income tax surtax or a high-income surtax.

Nunavut

Individual income tax rates and brackets for 2026

During the 2026 taxation year, Nunavut will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

4.0%                     up to $55,801

7.0%                     $55,802 to $111,602

9.0%                     $111,603 to $181,439

11.50%                 over $181,439

Nunavut does not impose an individual income tax surtax or a high-income surtax

Nova Scotia

Individual income tax rates and brackets for 2026

During the 2026 taxation year, the province of Nova Scotia will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

8.79%                   up to $30,995

14.95%                 $30,996 to $61,991

16.67%                 $61,992 to $97,417

17.50%                 $97,418 to $157,124

21.00%                 over $157,124

The province of Nova Scotia does not impose an individual income tax surtax or a high- income surtax.

Ontario

Individual income tax rates and income brackets for 2026

During the 2026 tax year, the province of Ontario will levy individual income tax using the following income brackets and tax rates.

Tax Rate          Taxable Income Brackets

5.05%                    up to $53,891

9.15%                    $53,892 to $107,785

11.16%                  $107,786 to $150,000

12.16%                  $150,001 to $220,000

13.16%                  over $220,000

For 2026, the province of Ontario levies an individual surtax of 20% of provincial tax payable over $5,818 plus 36% of provincial income tax over $7,446.

Information on Ontario individual income tax brackets, rates, and surtax rates for 2026 can be found on the provincial government website at https://data.ontario.ca/dataset/personal-income-tax-rates-and-credits/resource/77bc9ec1-068a-4bb1-9a5c-05a508eb92a0.

Prince Edward Island

Individual income tax rates and income brackets for 2026

During the 2026 tax year, the province of Prince Edward Island will levy individual income tax using the following income brackets and tax rates.

Tax Rate          Taxable Income Brackets

9.5%                     up to $33,928

13.47%                 $33,929 to $65,820

16.60%                 $65,821 to $106,890

17.62%                 $106,891 to $142,250

19.00%                 over $142,250

The province of Prince Edward Island does not impose an individual income tax surtax or a high-income surtax.

Québec

Individual income tax rates and brackets for 2026

During the 2026 taxation year the province of Québec will levy provincial individual income tax using the following income brackets and tax rates.

Tax Rate          Taxable Income Brackets

14.0%                   up to $54,345

19.0%                   $54,346 to $108,680

24.0%                   $108,681 to $132,245

25.75%                 over $132,245

The province of Québec does not impose an individual income tax surtax or a high-income surtax.

Details of the province’s personal income tax brackets and rates for 2026 can be found on the Revenu Québec website at https://www.revenuquebec.ca/en/businesses/source-deductions-and-employer-contributions/employers-kit/principal-changes-for-2026-employers-kit/#accordion_169636=[1].

Saskatchewan

Individual income tax rates and brackets for 2026

During the 2026 taxation year the province of Saskatchewan will levy individual income tax using the following income brackets and tax rates.

Tax Rate          Taxable Income Brackets

10.5%                   up to $54,532

12.5%                   $54,533 to $155,805

14.5%                   over $155,805

The province of Saskatchewan does not levy an individual income tax surtax or a high-income surtax.

Yukon Territory

Individual income tax rates and brackets for 2026

During the 2026 taxation year, the Yukon Territory will levy individual income tax using the following income tax brackets and tax rates.

Tax Rate          Taxable Income Brackets

6.4%                     up to $58,523

9.0%                     $58,524 to $117,045

10.9%                   $117,046 to $181,440

12.8%                   $181,441 to $500,000

15.0%                   over $500,000

The Yukon Territory does not impose an individual income tax surtax or a high-income surtax.

The Employment Insurance premium rate for 2026 is set at 1.63%.

The Employment Insurance premium rate for 2026 is set at 1.63%.

Yearly maximum insurable earnings are increased to $68,900, making the maximum employee premium $1,123.07.

As in previous years, employer premiums are 1.4 times the employee premium. The maximum employer premium for 2026 is therefore $1,572.30.

As of 2024, there are two contribution levels for the Québec Pension Plan (QPP). Income amounts and employee contribution percentages for 2026 for each contribution level are as follows:

As of 2024, there are two contribution levels for the Québec Pension Plan (QPP). Income amounts and employee contribution percentages for 2026 for each contribution level are as follows:

• First-tier contributions for 2026 are set at 6.3% of pensionable earnings between $3,500 and $74,600. 
• Second-tier contributions for 2026 are set at 4.0% of pensionable earnings between $74,600 and $85,000.

The maximum employee QPP contribution in 2026 for employees making only first-tier contributions (those with pensionable earnings of $74,600 or less) will be $4,479.30. Employees making second-tier contributions will be required to contribute up to an additional $416.00 in contributions for the year.

As of 2024, there are two contribution levels for the Canada Pension Plan. Income amounts and employee contribution percentages for 2026 for each contribution level are as follows.

As of 2024, there are two contribution levels for the Canada Pension Plan. Income amounts and employee contribution percentages for 2026 for each contribution level are as follows.

• First-tier contributions for 2026 are set at 5.95% of pensionable earnings between $3,500 and $74,600. 
• Second-tier contributions for 2026 are set at 4.0% of pensionable earnings between $74,600 and $85,000.

The maximum employee CPP contribution in 2026 for employees making only first-tier contributions (those with pensionable earnings of $74,600 or less) will be $4,230.45. Employees making second-tier contributions will be required to contribute up to an additional $416.00 in contributions for the year.

Tax credit amounts on which individual, non-refundable federal tax credits for 2026 are based, and the actual tax credit claimable, will be as follows:

Tax credit amounts on which individual, non-refundable federal tax credits for 2026 are based, and the actual tax credit claimable, will be as follows:

                                                                   Credit amount          Tax credit

Basic personal amount*                                 $16,452                   $2,303

Spouse or common-law 
partner amount*                                             $16,452                   $2,303

Eligible dependant amount*                           $16,452                   $2,303

Age amount                                                    $9,208                     $1,289

  net income threshold for erosion of 
  age credit                                                      $46,432

Canada employment amount                          $1,501                    $210                       

Disability amount                                             $10,341                  $1,448

Adoption expenses credit                                $19,972                  $2,796

Medical expense tax credit (3% of 
net income ceiling)                                           $2,890

*For taxpayers having net income for the year of more than $258,482, amounts claimable for the basic personal amount, the spousal amount, and the eligible dependant amount for 2026 may differ.

The indexing factor for federal tax credits and brackets for 2026 is 2.0%. The following federal tax rates and brackets will be in effect for individuals for the 2026 tax year.

The indexing factor for federal tax credits and brackets for 2026 is 2.0%. The following federal tax rates and brackets will be in effect for individuals for the 2026 tax year.

Income level                       Federal tax rate

$16,452 - $58,523                       14.0%

$58,524 - $117,045                      20.5%

$117,046 - $181,440                    26.0%

$181,441 - $258,482                    29.0%

Over $258,482                             33.0%

Each new tax year brings with it a schedule of tax payment and filing deadlines, as well as some changes with respect to tax saving and planning opportunities. Some of the more significant dates and changes for individual taxpayers for 2026 are listed below.

Each new tax year brings with it a schedule of tax payment and filing deadlines, as well as some changes with respect to tax saving and planning opportunities. Some of the more significant dates and changes for individual taxpayers for 2026 are listed below.

Registered retirement savings plan (RRSP) deduction limit and contribution deadline

For 2025, the maximum current year contribution limit is $32,490. In order to make the maximum current year contribution for 2025 (for which the contribution deadline will be Monday March 2, 2026), it will be necessary to have earned income of $180,500 for the 2024 taxation year.

For 2026, the maximum current year contribution limit will increase to $33,810. In order to make the maximum current year contribution for 2026 (for which the contribution deadline will be Monday March 1, 2027) it is necessary to have earned income of $187,834 for the 2025 taxation year.

Tax-free savings account (TFSA) contribution limit

The TFSA current year contribution limit for 2026 remains at $7,000. The actual amount which can be contributed by a particular individual in 2026 includes both the current year contribution limit and any carryover of uncontributed or re-contribution amounts from previous taxation years.

Taxpayers can find out their individual 2026 TFSA contribution limit by calling the Canada Revenue Agency’s automated Individual Income Tax Enquiries Service at 1-800-959-8281 and selecting option 3. In order to receive information on one’s TFSA limit for the year, it’s necessary to provide one’s social insurance number and a personal identification number (PIN). Taxpayers who do not have a PIN must provide their date of birth and information on income amounts reported on prior year returns. Taxpayers who have registered for the CRA’s online tax service My Account can obtain information on their TFSA limit for 2026 on that service.

A current year TFSA contribution can be made at any time during the taxation year.

First Home Savings Account (FHSA) contribution limit for 2026

The FHSA current year contribution limit for 2026 is $8,000. The actual amount which can be contributed by a particular individual includes both the current year contribution limit and any carryover of uncontributed amounts from previous years, to a maximum carryover limit of $8,000.

There is a lifetime per individual limit of $40,000 in contributions to an FHSA, and an FHSA contribution can be made at any time during the taxation year.

Individual tax instalment deadlines for 2026

Millions of individual taxpayers pay income tax by quarterly instalments, which are due on the 15^th day of March, June, September, and December 2026. Where the 15^th of the month falls on a weekend or a statutory holiday, the instalment payment deadline is extended to the next business day.

The actual tax instalment due dates for 2026 are as follows:

• Monday March 16, 2026
• Monday June 15, 2026
• Tuesday September 15, 2026
• Tuesday December 15, 2026

Old Age Security income clawback threshold

For 2026, the income level above which Old Age Security (OAS) benefits are clawed back is $95,323.

Individual tax payment and filing deadlines in 2026

For all individual taxpayers, including those who are self-employed, the deadline for payment of any balance of 2025 taxes owed is Thursday April 30, 2026.

Taxpayers (other than self-employed individuals and their spouses) must file an income tax return for 2025 on or before Thursday April 30, 2026.

Self-employed taxpayers and their spouses must file an income tax return for 2025 on or before Monday June 15, 2026.

Two quarterly newsletters have been added – one dealing with personal issues, and one dealing with corporate issues.

Two quarterly newsletters have been added – one dealing with personal issues, and one dealing with corporate issues.

They can be accessed below.

Corporate:

Issue #74 Corporate

Personal:

Issue #74 Personal