New · Last checked November 8, 2026
The 2027 Canadian Tax Update
Flip through what changes for 2027, marked confirmed, expected or proposed. Pick 2026 or 2025 to see those years instead.
New · Last checked November 8, 2026
What changes in 2027, at a glance
What changes on your paycheque, your savings limits and your tax return in 2027, with every item marked as confirmed, expected or only proposed.
Your CPP and EI in 2027
| Salary | 2026 | 2027 | Change |
|---|---|---|---|
| $50,000 | $3,581.75 | $3,493.75 | −$88.00 |
| $90,000 | $5,769.52 | $5,798.12 | +$28.60 |
| $150,000 | $5,769.52 | $5,798.12 | +$28.60 |
The lower CPP rate saves money for most earners; above the old ceilings, the higher limits add a little.
Lower CPP rate
Confirmed5.75%
Down from 5.95%, on earnings up to $76,700.
EI premium rate
Confirmed1.64%
On insurable earnings up to $70,800, at most $1,161.12.
RRSP limit
Confirmed$35,390
Up from $33,810 for 2026.
New tax brackets
ExpectedLate Nov
Brackets and the tax-free basic personal amount rise with inflation; the CRA confirms them in late November.
TFSA limit
Expected$7,000+
Either $7,000 or $7,500 for 2027, set once inflation is known.
One filing deadline
Proposed, not law yetMay 15
Budget 2026 proposes May 15 for all 2027 returns, including the self-employed.
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Free Canadian money calculators · Updated November 8, 2026
Make smart and strong financial decisions with your own numbers
See what you will take home from your pay, what your family gets from the Canada Child Benefit, and whether to buy or lease a car or rent or buy a home. Results update as you type, and you can save any of them as a PDF.
- No sign-up, always free
- Built on CRA and Bank of Canada rules
- Made in Prince Rupert, BC
Example: take-home pay
On a $90,000 salary in British Columbia, every two weeks you take home
$2,622.82
Try it with your salary
What would you like to work out?
Pick a question. Each calculator explains the result in plain language.
For you and your family
For business owners and accountants
Lease accounting: IFRS 16, ASC 842 and ASPELease liability, right-of-use asset and a full amortization schedule, to the cent. Daily or monthly interest, journal entries, and export to Excel (CSV) or PDF.Open the lease calculatorUsing a vehicle for work? The buy or lease calculator includes the 2026 CRA business deduction limits.
How it works
- 1
Pick a question
Choose the calculator that matches what you want to know.
- 2
Enter your numbers
Results change instantly as you type. There is no submit button.
- 3
Keep the result
Download a PDF report or print a clean summary to share or file.
Canada's key money numbers for 2026
Last updated:For 2026, the lowest federal tax rate is 14%, employees pay at most $4,646.45 into CPP and CPP2 and $1,123.07 into EI, and the Canada Child Benefit pays up to $8,157 a year per child under 6.
Lowest federal tax rate
14%
On taxable income up to $58,523
Most you pay into CPP and CPP2
$4,646.45
As an employee, for 2026
Most you pay into EI
$1,123.07
As an employee, for 2026
Canada Child Benefit
$8,157
A year at most, per child under 6
Bank of Canada rate
2.50%
Set October 28, 2026
TFSA room for 2026
$7,000
New contribution room this year
Sources: CRA, Department of Finance and Bank of Canada. See how we calculate.
Why you can rely on SkeenaOne
Official rules
Every figure comes from the CRA, the Department of Finance, the Bank of Canada or the accounting standards, and each page links to its source.
Private by design
Calculations run in your browser and nothing you type is sent to us. Analytics cookies are used only if you say yes.
Canadian, and current
Built in Prince Rupert, BC, for Canadians. Rates were last checked on November 8, 2026.
Common questions
Is SkeenaOne free?
Yes. Every calculator is free to use, with no account or sign-up, and you can download any result as a PDF or print it.
Do you store the numbers I enter?
No. The calculations run in your own browser and nothing you type is sent to us. A printable summary is kept only in your browser so you can print it. Analytics cookies are used only if you accept them.
How accurate are the results?
They follow the official 2026 rules from the CRA, the Department of Finance and the Bank of Canada, and the lease calculator follows IFRS 16, ASC 842 and ASPE. They are estimates for planning, not financial, tax or legal advice.
Which provinces does the take-home pay calculator cover?
All 13 provinces and territories, including Quebec's own pension plan, parental insurance and income tax. A map shows how much you would keep in each one.
Who is the lease accounting calculator for?
Accountants, CPAs, bookkeepers and finance teams who need a lease liability, a right-of-use asset and a full amortization schedule under IFRS 16, ASC 842 or ASPE.
What is the Bank of Canada interest rate now?
The Bank of Canada raised its policy rate to 2.50% on October 28, 2026. Its next decision is December 9, 2026.