Summary
The lowest federal income tax rate falls to 14% for a full year, brackets are indexed by 2% (the first bracket ends at $58,523), the basic personal amount rises to $16,452, the RRSP limit rises to $33,810, and the TFSA limit stays at $7,000.
What it means for you
NRIs and new residents in Canada should update withholding and RRSP plans for 2026.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
More Canada updates
- Salac v. The King (2026 TCC 153): GST/HST input tax credits need proper records30 Aug 2026 · Tax Court of Canada