Planworth's tax calculations use the 2026 figures below, in effect as of 1 January 2026. Indexation from 2025 to 2026 is 2.0%. From 2024 to 2025 it was 4.7%.
This is a record of the figures in the plan. It is not a tax calculation for a client.
Federal brackets
Federal thresholds increased. The federal rates are unchanged, except the second bracket, which is 14.00% in 2026.
2025
From | To | Tax rate |
$0 | $16,129 | 0.00% |
$16,129 | $57,375 | 14.50% (blended) |
$57,375 | $114,750 | 20.50% |
$114,750 | $177,882 | 26.00% |
$177,882 | $253,414 | 29.32% |
$253,414 | and above | 33.00% |
2026
From | To | Tax rate |
$0 | $16,452 | 0.00% |
$16,452 | $58,523 | 14.00% |
$58,523 | $117,045 | 20.50% |
$117,045 | $181,440 | 26.00% |
$181,440 | $258,482 | 29.29% |
$258,482 | and above | 33.00% |
Provincial brackets and thresholds are indexed as well. The Ontario age amount below is one example.
Other 2026 figures
CPP / QPP pensionable earnings. The maximum pensionable earnings are $74,600, up from $71,300 in 2025. The basic exemption stays $3,500. CPP2 and QPP2 apply at 4% on pensionable earnings from $74,600 to $85,000. See the CRA page on second additional CPP contributions.
CPP contribution. The employee rate stays 5.95%. The 2026 maximum is $4,230.45, up from $4,034.10 in 2025, because the earnings ceiling increased.
QPP contribution. The employee rate is 6.30%. The 2026 maximum is $4,479.30.
EI insurable earnings. The maximum increased from $65,700 in 2025 to $68,900 in 2026.
EI contribution. The 2026 employee rate is 1.63%, to a maximum of $1,123.07. In 2025 the rate was 1.64%, to a maximum of $1,077.48. For Quebec, the 2026 rate is 1.31%, to a maximum of $902.59.
TFSA room. The 2026 TFSA limit stays $7,000, the same as 2025.
RRSP room. The maximum increased from $32,490 in 2025 to $33,810 in 2026.
Lifetime capital gains exemption. The exemption increased to $1,275,000 for 2026.
Federal age amount. The age amount for clients 65 or older is $9,208 for 2026. The clawback starts at $46,432. Provincial amounts increased as well. Ontario is $6,342, with a clawback starting at $47,210.
CPP / QPP payments. The maximum retirement pension for 2026 is $1,433.00 a month.
OAS payments. The maximum OAS for 2026 is $742.31 a month, or $816.54 for clients 75 or older.
OAS clawback. The clawback threshold increased from $93,454 in 2025 to $95,323 in 2026.