Estimate your full 2026 tax bill — federal and provincial — and see exactly what an RRSP contribution does to it before tax season.
Calculate your 2026 income tax
General information only — not financial advice. Employment/other income only; only the basic personal amount credit is applied (no CPP/EI, age, pension or other credits); Ontario Health Premium included for Ontario; 2026 figures, verified November 8, 2026. Excludes BC’s tax reduction credit, which phases out by ~$45,000 of income.
How to use this calculator
Enter your province, your employment income, and any other income. Add an RRSP contribution and the calculator subtracts it from your income before applying the 2026 federal and provincial tax brackets, with only the basic personal amount credit applied.
Your marginal rate is the tax on your next dollar of income. If you only want that rate, use the Marginal Tax Rate Calculator. To see whether an RRSP or a TFSA wins at your tax rates, use the RRSP vs TFSA Calculator. For the tax on what you buy, rather than what you earn, use the GST/HST Calculator. For the tax on a gain when you sell an investment or property, use the Capital Gains Tax Calculator.
Frequently asked questions
How is income tax calculated in Canada?
Canada taxes income in brackets: each slice of income is taxed at the rate for that bracket, federally and in your province, then the basic personal amount credit is subtracted. Only the dollars in a higher bracket pay the higher rate.
What is the RRSP deadline for the 2026 tax year?
March 1, 2027. RRSP contributions for a tax year must be made in the first 60 days of the following year, so contributions made by March 1, 2027 count for the 2026 tax year.
How much tax does an RRSP contribution save?
Roughly your marginal tax rate times the contribution. A $10,000 contribution at a 43.41% marginal rate saves about $4,341, because the contribution lowers your taxable income dollar for dollar.
Is this an exact tax return?
No. This is an estimate using only the basic personal amount credit, with no CPP, EI, age, pension or other credits, and no deductions other than the RRSP contribution you enter. Your actual return may differ.
General information only — not financial advice. Employment/other income only; only the basic personal amount credit is applied (no CPP/EI, age, pension or other credits); Ontario Health Premium included for Ontario; 2026 figures, verified November 8, 2026. Excludes BC’s tax reduction credit, which phases out by ~$45,000 of income.