Updated Checked by the Tax-Services.ca editorial team How we check
For 2026 the lowest federal tax rate dropped from a blended 14.5% to 14%, and indexing lifted the CPP, EI and RRSP limits: the RRSP dollar limit went from $32,490 to $33,810, and the CPP earnings ceiling from $71,300 to $74,600. The capital gains inclusion rate (50%) and the TFSA annual limit ($7,000) stayed the same. For all the numbers side by side, see the 2025 vs 2026 comparison.
What changed in Canadian taxes for 2026?
This table lists the six items that changed for the 2026 tax year, with the 2025 value and what each change means. The RRSP, CPP ceiling (YMPE) and CPP2 ceiling (YAMPE) amounts match the CRA’s table of RRSP, DPSP and TFSA limits and the YMPE.
| What | 2025 | 2026 | What it means |
|---|---|---|---|
| Lowest federal tax rate | 14.5% for the year | 14% | A few bucks a month saved on the first slice of income |
| CPP earnings ceiling (YMPE) | $71,300 | $74,600 | People earning above it pay a bit more CPP |
| CPP2 ceiling (YAMPE) | $81,200 | $85,000 | A second CPP layer applies on a little more income |
| EI maximum insurable earnings | $65,700 | $68,900 | The EI premium cap goes up |
| RRSP dollar limit | $32,490 | $33,810 | More room, if you have the earned income to match |
| Lifetime capital gains exemption | $1,250,000 | about $1,275,000 (indexed, not yet on the CRA page) | More room when selling qualifying shares or farm and fishing property |
What stayed the same in 2026?
- The capital gains inclusion rate is still 50%.
- The TFSA annual limit is still $7,000.
- The main filing dates are the same: April 30 for most people and June 15 for the self-employed, with any tax owing still due April 30. The tax calendar has the full list.
What is changing for 2027?
The 2027 RRSP limit ($35,390), the CPP ceilings ($76,700 and $87,400) and the EI figures are already out, but the TFSA limit, the basic personal amount and the federal brackets are not published yet. See 2026 vs 2027 tax numbers for what is confirmed and what is still missing.
Where can you check your own numbers?
The income tax calculator uses the 2026 rules, and the take-home pay calculator shows what the new ceilings do to a paycheque. The 2026 rates and limits page lists the rest, the RRSP calculator shows what a contribution saves, and My tax year shows your dates. For the exemption in the last row, see the lifetime capital gains exemption article.
Where does this information come from?
It comes from the public pages of the Canada Revenue Agency and other open sources, checked in October 2026. This is an independent information site: we provide no services, we do not represent the CRA or any organization, and we do not guarantee that anything here is accurate or current. We accept no liability for decisions based on it. Check the official source before you rely on it. See the full disclaimer.
Frequently asked questions
What changed in Canadian taxes for 2026?
The lowest federal rate fell to 14% from a blended 14.5%, the CPP and EI earnings ceilings rose, the RRSP dollar limit went up to $33,810, and the lifetime capital gains exemption rose. The inclusion rate and the TFSA limit did not change.
Did the TFSA limit change in 2026?
No. The TFSA annual limit is $7,000 in 2026, the same as in 2025. The capital gains inclusion rate also stays at 50%.
How much did the RRSP limit increase for 2026?
The RRSP dollar limit rose from $32,490 to $33,810. Your own room depends on your earned income and pension adjustments, so more room only helps if you have the earned income to match.
Did the tax filing deadlines change for 2026?
No. The main dates are the same: April 30 for most people, June 15 for the self-employed to file, and April 30 for any tax owing.
What is the lifetime capital gains exemption for 2026?
The page lists it as about $1,275,000, up from $1,250,000 in 2025. It applies when you sell qualifying small business shares or farm and fishing property.