Canada Personal Finance Statistics 2026
Take-home pay and tax brackets by province, TFSA, RRSP and FHSA limits, CPP and OAS, land transfer tax and mortgage affordability across Canada for 2026.
50-State Comparisons
RRSP Tax Refund by Province in Canada (2026): What C$5,000 Saves at Each Income
A C$5,000 RRSP contribution saves a Canadian earning C$75,000 between C$1,375 in Nunavut and C$1,858.50 in Nova Scotia in 2026 tax, depending on the province.
Small Business Tax by Province in Canada (2026): Corporate Tax on C$100k to C$500k
A Canadian small business corporation earning C$500,000 of active income in 2026 pays C$45,000 of corporate tax in Manitoba and Yukon and C$61,000 in Ontario, the highest of the 12 provinces and territories we could verify.
Child Care Expense Deduction in Canada (2026): What It Saves by Province and Income
For a Canadian family paying C$16,000 of child care for two children under 7, the deduction cuts the lower earner's 2026 tax on C$50,000 by C$2,880.00 in Nunavut to C$4,632.00 in Nova Scotia.
2026 Numbers
Canada 2026 TFSA, RRSP and FHSA Limits in One Table
In Canada for 2026 the TFSA limit is C$7,000, the RRSP dollar limit is C$33,810 and the FHSA allows C$8,000 a year up to C$40,000; someone eligible for a TFSA since 2009 who never contributed has C$109,000 of room.
OAS Clawback 2026 in Canada: How Much You Lose at Each Retirement Income
Canada claws back OAS at 15% of net income above C$93,454: a retiree aged 65 to 74 with C$120,000 of income loses C$3,982 of their C$9,023.64 pension, and at C$153,612 the whole pension is gone.
GST and HST by Province in Canada: The Tax on the Same Purchase Everywhere
GST/HST on a C$1,000 purchase in Canada ranges from C$50.00 in the 8 provinces and territories that charge only the 5% GST to C$150.00 in New Brunswick, Newfoundland and Labrador and Prince Edward Island at 15% HST; Ontario charges C$130.00.
Canada Dividend Tax Credit: Eligible vs Non-Eligible Dividends at Every Federal Rate
On C$10,000 of Canadian dividends, federal tax at the 33% top rate is C$2,481.27 if they are eligible and C$2,756.54 if non-eligible, against C$3,300.00 on the same cash as interest; at the 14% bottom rate eligible dividends owe no federal tax at all.
Canada Child Benefit and RESP Grants by Family Income, 2026-27
In Canada, a family with one child under 6 gets the full C$8,157 Canada Child Benefit below C$38,237 of family income, C$4,485 at C$100,000 and C$2,885 at C$150,000, while the RESP grant is the same C$500 a year at every income.
Take-Home Pay by Province in Canada (2026): C$50,000 to C$150,000
On a C$100,000 salary in 2026, take-home pay in Canada ranges from C$68,867.11 in Nova Scotia to C$76,653.86 in Nunavut, a gap of C$7,787 a year; Ontario keeps C$74,206.13.
2026 Canadian Income Tax Brackets: Federal and Every Province and Territory
Canada's 2026 federal brackets run from 14% to 33%; add the provincial ladder and the combined top rate ranges from 44.50% in Nunavut to 54.80% in Newfoundland and Labrador, with Ontario at 53.53%.
Capital Gains Tax by Province in Canada (2026): The Same C$100,000 Gain
A C$100,000 capital gain on top of C$75,000 of other income adds C$14,455.48 of tax in Nunavut but C$19,251.46 in Nova Scotia in 2026; Ontario charges C$16,758.49.
What It Really Costs
TFSA vs RRSP in Canada: Which Leaves More at Every Tax Rate Pair
In Canada, an RRSP beats a TFSA only when your tax rate in retirement is lower than today: saving C$5,000 of pre-tax pay a year for 25 years at a 40% rate, the RRSP leaves C$27,432 more if you retire at 30%, but C$27,432 less if you retire at 50%.
Land Transfer Tax in Canada 2026: Ontario, Toronto and BC on C$500k to C$1M
On a C$1,000,000 home in Canada, a repeat buyer pays C$16,475 of land transfer tax in Ontario, C$18,000 in British Columbia and C$32,950 in Toronto, where the City charges a second tax of C$16,475 on top of the province.
First-Time Home Buyer Land Transfer Tax Rebates in Canada: Ontario, Toronto and BC Worked Out
A first-time buyer in Canada saves up to C$4,000 of land transfer tax in Ontario and C$8,475 in Toronto at any price, while BC waives the whole C$8,000 on a C$500,000 home but gives nothing once the price reaches C$860,000.
CPP at 60 vs 65 vs 70 in Canada: Monthly Amounts and the Break-Even Age
Taking CPP at 60 instead of 65 in Canada cuts the pension by 36.0%, and waiting until 70 raises it by 42.0%; waiting from 60 to 65 pays off if you live past 73 and 11 months, and from 65 to 70 past 81 and 11 months.
How Much House Can I Afford in Canada? Mortgage by Income With the Stress Test
In Canada a household earning C$100,000 qualifies for a mortgage of about C$395,626 at a 4.5% rate, because the stress test checks the payment at 6.5%; without it they would qualify for C$478,795.
FHSA Plus the Home Buyers' Plan in Canada: How Much They Add to Your Down Payment
A first-time buyer in Canada who fills an FHSA over five years and uses the Home Buyers' Plan can put about C$106,415.30 toward a down payment, and a couple doing the same about C$212,830.60.