What It Tracks in Canada
- Bank balances, GICs, stocks, funds and ETFs, gold, crypto, bonds and property, valued in CAD.
- RRSP & TFSA: RRSP, TFSA, FHSA, RESP, Workplace pension. 2026 limits: TFSA $7,000, RRSP 18% of last year's earned income up to $33,810.
- Loans and cards, with a payoff planner that shows which debt to clear first.
- Imports: payslips, bank statements (YMD dates and local shop names understood), invoice lists and broker holdings, read inside your browser.
Tax Year 2026 Income Tax at a Glance
1 January to 31 December 2026. Rules as of October 2026.
Basic personal amount: C$16,452 (tax credit at the lowest rate).
| Taxable income | Rate |
|---|---|
| C$0 to C$58,523 | 14% |
| C$58,524 to C$117,045 | 20.5% |
| C$117,046 to C$181,440 | 26% |
| C$181,441 to C$258,482 | 29% |
| Over C$258,482 | 33% |
Ontario
| Taxable income | Rate |
|---|---|
| C$0 to C$53,891 | 5.1% |
| C$53,892 to C$107,785 | 9.2% |
| C$107,786 to C$150,000 | 11.2% |
| C$150,001 to C$220,000 | 12.2% |
| Over C$220,000 | 13.2% |
Basic personal amount C$12,989, plus a surtax of 20% on provincial tax over C$5,818 and 36% on provincial tax over C$7,446, and the Ontario Health Premium of up to C$900.
British Columbia
| Taxable income | Rate |
|---|---|
| C$0 to C$50,363 | 5.6% |
| C$50,364 to C$100,728 | 7.7% |
| C$100,729 to C$115,648 | 10.5% |
| C$115,649 to C$140,430 | 12.3% |
| C$140,431 to C$190,405 | 14.7% |
| C$190,406 to C$265,545 | 16.8% |
| Over C$265,545 | 20.5% |
Basic personal amount C$13,216.
Alberta
| Taxable income | Rate |
|---|---|
| C$0 to C$61,200 | 8% |
| C$61,201 to C$154,259 | 10% |
| C$154,260 to C$185,111 | 12% |
| C$185,112 to C$246,813 | 13% |
| C$246,814 to C$370,220 | 14% |
| Over C$370,220 | 15% |
Basic personal amount C$22,769.
Payroll Contributions
- CPP (5.95%), up to C$74,600, above C$3,500
- CPP2 (4%), up to C$85,000, above C$74,600
- EI (1.63%), up to C$68,900
- CPP, self-employed (11.9%) (self-employed), up to C$74,600
- CPP2, self-employed (8%) (self-employed), up to C$85,000
Federal tax plus provincial tax for Ontario (with its surtax and health premium), British Columbia or Alberta. Other provinces: federal figure only. Credits for the basic personal amount, CPP, EI and the Canada employment amount are included; low-income reductions and other credits are not.
Example: a salary of C$70,000 a year.
Total C$16,214, an effective rate of 23.2%. Take-home about C$53,786 a year, or C$4,482 a month.
Self-Employed and Freelancers
- You pay both halves of CPP (11.9% up to $74,600, then 8% CPP2 up to $85,000).
- Quarterly instalments are due if your net tax owing is over $3,000.
- Self-employed people file by 15 June, but any balance is still due on 30 April.
- GST/HST registration is required once revenue passes $30,000 in four consecutive quarters.
On C$70,000 of profit, tax and contributions come to about C$18,298, so setting aside C$1,525 a month keeps you covered.
Key Dates
- 15 March: First tax instalment
- 30 April: File and pay your return
- 15 June: Self-employed filing deadline, and second instalment
- 15 September: Third tax instalment
- 15 December: Fourth tax instalment
If Something Goes Wrong
- OBSI: Free ombudsman for banking and investment complaints.
- Financial Consumer Agency of Canada: Your rights with banks and how to complain.
- CIRO: Complaints about investment dealers and advisers.
- Canadian Anti-Fraud Centre: Report scams and fraud.