What changed for your money in 2026

Income tax

• Federal brackets: 14% to $58,523, 20.5% to $117,045, 26% to $181,440, 29% to $258,482, 33% above $258,482. The lowest rate is 14% for the full year. It was a blended 14.5% in 2025.
• Federal basic personal amount $16,452, up from $16,129. Canada employment amount $1,501.
• British Columbia raised its lowest rate to 5.60% for all of 2026 and its tax reduction to $690. Brackets are frozen for 2027 to 2030.
• Newfoundland and Labrador raised its basic personal amount to $13,094 for 2026, rising to $15,000 in 2027.
• Prince Edward Island added a 20% bracket above $200,000.
• Manitoba froze its brackets at $47,000 and $100,000 and its basic personal amount at $15,780.
• Nova Scotia now indexes its brackets, by 1.6% this year, and dropped the income test on its basic personal amount.
• Quebec brackets rose 2.05%. Basic personal amount $18,952.

CPP, QPP and EI

• CPP maximum pensionable earnings $74,600, up from $71,300. Second ceiling $85,000, up from $81,200. Maximum employee contribution $4,230.45 plus $416.00 of CPP2.
• QPP employee rate 6.30%, with the base rate cut to 5.30%. QPIP rates fell about 13% to 0.430% on earnings up to $103,000.
• EI rate 1.63% on earnings up to $68,900, compared with 1.64% last year. Maximum premium $1,123.07.
• The base CPP rate is set to fall from 9.9% to 9.5% in 2027. The employee share drops from 4.95% to 4.75%.

Savings accounts

• TFSA limit $7,000, unchanged. Total room since 2009 is $109,000.
• RRSP limit $33,810 for 2026 and $35,390 for 2027.
• FHSA unchanged at $8,000 a year, $40,000 lifetime.
• RESP additional grant and Canada Learning Bond income thresholds rose to $58,523 and $117,045.

Pensions and benefits

• Maximum CPP at 65 is $1,507.65 a month. CPP benefits rose 2.0%.
• OAS is $762.50 a month for ages 65 to 74, for July to September 2026. The recovery tax starts at $95,323 of 2026 income.
• Canada Child Benefit $8,157 per child under 6 and $6,883 for 6 to 17 for July 2026 to June 2027. The phase-out starts at $38,237.

Housing

• The first-time home buyers' GST/HST rebate became law on March 12, 2026, under Bill C-4. It refunds 100% of the GST on a new home up to $1,000,000, to a maximum of $50,000, and phases out at $1,500,000. It applies to agreements signed on or after March 20, 2025.
• Ontario removed the full 13% HST on new homes up to $1,000,000 for any buyer who signs between April 1, 2026 and March 31, 2027, worth up to $130,000. It also matched the federal first-time rebate with up to $80,000 of the provincial part.
• The federal Underused Housing Tax ended for 2025 and later years, with Royal Assent on March 26, 2026. Returns for 2022 to 2024 are still owed.
• The foreign buyer ban runs to January 1, 2027 and is under review. Toronto's 10% municipal non-resident speculation tax, on top of Ontario's 25%, has applied since January 1, 2025.
• Toronto's municipal land transfer tax rates above $3,000,000 rose to 4.40% to 8.60% on April 1, 2026.
• Quebec introduced a refundable tax credit of up to $5,875 that repays most of the welcome tax for first-time buyers. Quebec brackets were indexed to $62,900 and $315,000.
• Bank of Canada policy rate 2.25% as of September 2, 2026. The stress test is unchanged at the higher of the contract rate plus 2% and 5.25%. The insured mortgage cap is $1,500,000.

Business and investments

• Capital gains inclusion rate stays at 50%. The lifetime capital gains exemption is $1,275,000.
• Ontario's small business rate falls from 3.2% to 2.2% on July 1, 2026. Quebec's falls to 2.2% for years starting after April 29, 2026. Newfoundland and Labrador's falls to 2%.
• No sales tax rates changed. BC's PST applies to more items from October 1, 2026.
• PEI's new Employment Standards Act took effect June 30, 2026. Vacation pay is 6% after 5 years, and holiday pay is 5% of four weeks' wages.

Looking ahead to 2027

• Tax deadlines for 2027: when the 2026 return is due, and the instalment dates.
• RRSP deadline 2027: the last day a contribution counts for 2026.
• TFSA limit 2027: not announced yet, and why we will not guess it.
• CPP changes 2027: the base rate drops to 4.75% on January 1.
• EI rates 2027: the ceiling rises to $70,800 and the rate to 1.64%.
• Minimum wage on October 1, 2026: Ontario, Nova Scotia, Prince Edward Island and Manitoba all rise.
• Bank of Canada interest rate: the policy rate today, and every decision date to December 2027.

Every 2027 change in one table, with dates and what is still to come: what's changing in 2027.

See the data sources page for the citations and the changelog for update dates.