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Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Estimate your federal + provincial income tax, CPP, EI, and net take-home pay for any province.
| Item | Amount | % of Gross |
|---|
| Taxable Income | Federal Rate | Tax on Bracket |
|---|---|---|
| $0 – $57,375 | 15% | Up to $8,606 |
| $57,376 – $114,750 | 20.5% | Up to $20,376 |
| $114,751 – $158,519 | 26% | Up to $31,777 |
| $158,520 – $220,000 | 29% | Up to $49,617 |
| $220,001+ | 33% | — |
Basic personal amount reduces federal tax by $2,623 (15% × $17,491 BPA for 2026). CPP and EI premiums are deductible from federal tax.
| Province | Top Rate | Top Federal + Provincial | Income at Top Rate |
|---|---|---|---|
| Alberta | 15% | 48% | $341,708+ |
| British Columbia | 20.5% | 53.5% | $253,414+ |
| Ontario | 13.16% | 53.53% | $220,001+ |
| Quebec | 25.75% | 53.31% | $119,910+ |
| Manitoba | 17.4% | 50.4% | $100,000+ |
| Saskatchewan | 14.5% | 47.5% | $142,058+ |
| Nova Scotia | 21% | 54% | $150,001+ |
| New Brunswick | 19.5% | 52.5% | $185,065+ |
| Prince Edward Island | 16.7% | 49.7% | $140,001+ |
| Newfoundland | 21.3% | 54.3% | $1M+ |
The CPP rate for employees is 5.95% on earnings between $3,500 (exemption) and $68,500 (YMPE). Maximum contribution: $3,867/year. Self-employed pay both halves: 11.9%.
Employment Insurance is 1.66% of insurable earnings up to $63,200. Maximum annual EI premium: $1,049/year. Quebec residents pay lower EI (1.32%) due to QPIP.
The federal basic personal amount (BPA) for 2026 is $17,491, worth up to $2,624 in federal tax savings. Every province also has its own BPA reducing provincial taxes.
You can contribute 18% of your 2025 earned income to your RRSP, up to a maximum of $32,490 for 2026. Every dollar contributed reduces your taxable income.
The Canadian tax return deadline is April 30, 2026 for most individuals. Self-employed Canadians have until June 15, 2026, but taxes owed are still due April 30.
The 2026 TFSA limit is $7,000. Cumulative lifetime room (since 2009) is $102,000. TFSA withdrawals are not taxable and room is restored the following year.
Every dollar earned in a TFSA is tax-free. Pair it with a no-fee banking account like KOHO to maximize savings. KOHO gives you 1% cashback plus a $100 welcome bonus.
Open KOHO Free — Code BREMO2026 for $100 →Disclaimer: This calculator provides estimates for informational purposes only. Tax laws change annually. This is not professional tax advice. Consult a CPA or tax professional for accurate calculations and advice specific to your situation. Results do not account for all deductions and credits.