What's new for Canadian savers in 2026

Updated November 2026

The key numbers and rule changes for Canadian savers in 2026, each with its official source. Most limits change every January; OAS changes every quarter. Checked against Government of Canada sources on November 3, 2026.

$33,8102026 RRSP dollar limit
$7,0002026 TFSA limit
14%Lowest federal tax rate, 2026
$35,3902027 RRSP dollar limit

Registered plan limits

RRSP, 2026 tax year: $33,810. Your own limit is 18% of 2025 earned income up to this amount, minus any pension adjustment, plus unused room. Contributions for 2026 are due by March 1, 2027. (CRA limits table; CRA important dates)
RRSP, 2027 tax year: $35,390 has already been announced, up from $33,810. (CRA limits table)
TFSA, 2026: $7,000, the same as in 2024 and 2025. Someone who has been 18 or older and resident in Canada since 2009 and never contributed has $109,000 of total room. (CRA, TFSA room)
FHSA: no change – $8,000 a year and $40,000 lifetime, with up to $8,000 of unused room carried forward. (CRA, FHSA)

CPP and OAS

YMPE 2026: $74,600; YAMPE 2026: $85,000. These are the earnings ceilings for the first and second tiers of CPP contributions. (CRA limits table)
Maximum CPP retirement pension at 65 in 2026: $1,507.65 a month. Most people receive less; the amount depends on your contribution record. (Canada.ca, CPP payment amounts)
OAS, October to December 2026: up to $762.50 a month at ages 65 to 74, and $838.75 at 75 and over. OAS is adjusted for inflation every quarter. (Canada.ca, OAS payments)
OAS recovery tax threshold for the 2026 income year: $95,323. Above it, 15% of the excess net income is repaid. (Canada.ca, OAS recovery tax)

Income tax

March 12, 2026 – lowest federal rate cut to 14%. Bill C-4 received Royal Assent, lowering the rate from 15% to 14.5% for 2025 and to 14% for 2026 and later years. In 2026 it applies to taxable income up to $58,523. Because most non-refundable credits use this rate, they are worth slightly less. (Department of Finance)
Top-Up Tax Credit, 2025 to 2030. A temporary credit, introduced through Bill C-15, keeps the 15% rate on non-refundable credit amounts above the first bracket threshold for the small number of people affected. (Department of Finance)
Capital gains inclusion rate stays at one-half. The proposed increase to two-thirds was cancelled on March 21, 2025. (CRA)

Home Buyers' Plan

Withdrawal limit: $60,000 per person, in place for withdrawals after April 16, 2024. (CRA, HBP)
Repayment relief: if your first HBP withdrawal was between January 1, 2022 and December 31, 2025, repayments start in the fifth year after the withdrawal instead of the second. (CRA, HBP)
Relief extended to 2026–2028 withdrawals: the Spring Economic Update 2026 extended the same five-year grace period to first withdrawals from January 1, 2026 to December 31, 2028. The Department of Finance described it as a proposal; the CRA's HBP page now shows it as extended – for example, a first withdrawal in 2026 means repayments start in 2031. (Department of Finance; CRA, HBP)

RRIFs

RRIF minimum withdrawal factors are unchanged for 2026 – for example 4.00% at 65, 5.28% at 71 and 6.82% at 80, applied to the January 1 value. (CRA, prescribed factors)

RESPs and education savings

Additional CESG thresholds for 2026: an extra 20% on the first $500 contributed if adjusted family income is $58,523 or less, or an extra 10% if it is between $58,523 and $117,045. (ESDC Notice #1114)
Canada Learning Bond automatic enrolment is coming, not here yet. From 2028, the government plans to open an RESP automatically for eligible children born in 2024 or later who don't have one by age 4, and from April 2028 the age limit for claiming the bond rises from 20 to 30. Until then, parents must open an RESP and apply. (ESDC, February 2025)

About this page. This page replaces the old Two Cents Worth newsletter (1999–2000s), which is no longer published.