Tax year 2026 · Free · No account
The first Canadian dollars, with the official numbers beside them.
By Vishal Tomar · Checked against official sources · Updated 13 November 2026
Newcomer Wallet is a set of calculators and a first-year checklist for people who just became residents of Canada. TFSA room, take-home pay, and FHSA and RRSP limits run in your browser. There is no login, and nothing you type is stored or sent.
Educational only, not financial or tax advice. Not affiliated with CRA.
Savings
TFSA room after you arrive
Room starts the year you are a resident and 18 or older. It does not reach back to 2009.
$7,000.00 TFSA dollar limit
MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and YAMPE. 2026 · Canada Revenue Agency
Pay
Take-home pay by province
Federal tax, provincial tax, CPP or QPP, and EI for 2026 employment income. The math is shown.
Federal tax starts at 14%
Current year tax rates and income brackets (2026). 2026 · Canada Revenue Agency
Home and retirement
FHSA and RRSP, side by side
FHSA room starts when you open the account. RRSP room in year one is often zero.
$8,000.00 a year, $40,000.00 lifetime
First year
Money checklist
SIN, a bank account, credit, the first tax return, and the benefits that start with a filed return.
Official Canada.ca steps, no invented benefit amounts
Newcomers to Canada (immigrants and returning residents). CRA newcomers · Canada Revenue Agency
Retirement
RRSP room in year one
New room comes from last year's earned income. In the year you arrive, that is often zero.
$33,810.00 is the 2026 ceiling, not a starter amount
MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and YAMPE. 2026 · Canada Revenue Agency
Tax
The first tax return
Date of entry, world income after you are a resident, and the filing dates CRA has printed.
Arrived in 2026: file by April 30, 2027
Tax tip: Taxes made simple for newcomers to Canada. 2026 arrival · Canada Revenue Agency
Credit
How a credit file starts
Equifax and TransUnion free reports, and what a secured card is, with no card offers.
Scores usually range from 300 to 900
Credit report and score basics. FCAC · Financial Consumer Agency of Canada
Compare
TFSA, RRSP, and FHSA
When each account's room starts. A reading order, not a ranking.
Each limit is cited on the guide, next to its CRA page
Benefits
GST/HST credit, now the groceries benefit
July 2026 to June 2027, from 2025 income. Newcomers apply on RC151 in the year they arrive.
Up to $679.00 for a single person
CGEB payment amounts. July 2026–June 2027 · Canada Revenue Agency
Benefits
Canada child benefit
RC66 for newcomers, and the July 2026 to June 2027 maximums.
$8,157.00 a year for each child under 6
How much you can get — Canada child benefit. July 2026–June 2027 · Canada Revenue Agency
Arrival
The first week
SIN, a bank account, a phone number, and credit basics. No bank names.
Official steps only, no plan prices
Apply for a Social Insurance Number. Service Canada · Government of Canada
Ontario
Ontario take-home pay
The 2026 estimate with the Ontario Health Premium and surtax.
Basic personal amount $12,989.00
British Columbia
B.C. take-home pay
The 2026 estimate at the annual 5.60% rate, with the B.C. tax reduction.
First bracket $50,363.00
Current year tax rates and income brackets (2026). 2026 · Canada Revenue Agency
Alberta
Alberta take-home pay
The 2026 estimate at 8%, with the supplemental credit explained.
Basic personal amount $22,769.00
Quebec
Quebec take-home pay
QPP, QPIP, and Revenu Québec brackets, with the missing Quebec credits labelled.
Basic personal amount $18,952.00
Employeur – Principaux changements 2026. 2026 · Revenu Québec
RRSP
RRSP tax difference
How much 2026 income tax changes if a contribution lowers the income you enter.
2026 dollar limit $33,810.00, not applied as a cap here
MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and YAMPE. 2026 · Canada Revenue Agency
Reporting
Sending money home
A family transfer is not a donation. Form T1135 and FINTRAC are different duties.
T1135 starts above a cost of $100,000.00
Foreign Income Verification Statement. 2015 and later · Canada Revenue Agency
Housing
First apartment deposits
What Ontario, B.C., Alberta, and Quebec allow a landlord to collect. No market rents.
Ontario: last month's rent only, not a damage deposit
Residential Tenancies Act, 2006. Ontario · Government of Ontario
Manitoba
Manitoba take-home pay
The 2026 estimate. The basic personal amount phases out above $200,000.
Basic personal amount $15,780.00 at $200,000 or less
Saskatchewan
Saskatchewan take-home pay
The 2026 estimate at 10.5%. The low-income tax credit is not in the paycheque math.
Basic personal amount $20,381.00
Nova Scotia
Nova Scotia take-home pay
The 2026 estimate. The basic personal amount is flat this year.
Basic personal amount $11,932.00
New Brunswick
New Brunswick take-home pay
The 2026 estimate at 9.4%, with the basic personal amount from T4127.
Basic personal amount $13,664.00
Newfoundland and Labrador
Newfoundland and Labrador take-home pay
The 2026 estimate uses the annual basic amount, not the July withholding amount.
Basic personal amount $13,094.00
Prince Edward Island
Prince Edward Island take-home pay
The 2026 estimate. Income above $200,000 uses the 20% return rate.
Basic personal amount $15,000.00
CPP and EI
CPP and EI deductions
2026 employee CPP, the second additional contribution, and EI. Quebec adds QPP and QPIP.
CPP employee maximum $4,230.45
Work
Canada workers benefit
The 2025 Schedule 6 estimate. A year you were not a resident the whole time is $0.
Single maximum $1,633.00 on the 2025 schedule
T1-2025 Schedule 6, Canada Workers Benefit. 2025 · Canada Revenue Agency
Ontario
Ontario trillium benefit
Sales tax, energy and property tax, and the northern energy credit for July 2026 to June 2027.
Sales tax credit $378.00 for each adult and each child
Province of Ontario — Ontario trillium benefit. July 2026 to June 2027 · Canada Revenue Agency
What stays on your side of the screen
- No account, no email field, no saved scenarios.
- Calculator inputs are not sent to a server. Refreshing the page clears them.
- No advertising tags and no affiliate links in this version.
- Every tax figure names its year and links to a government page.
What this version leaves out
- The 2027 TFSA dollar limit, which CRA has not published.
- A full Quebec payroll formula. Quebec is estimated, and the gaps are labelled.
- Apartment deposit rules outside Ontario, British Columbia, Alberta, and Quebec.
- Canada workers benefit amounts for Alberta, Quebec, and Nunavut, and a formula for the higher July 2026 maximums.
- A personal Ontario energy and property tax credit. It depends on rent and property tax.
- French. The guides are in English and link to the official pages, some of which are bilingual.
- Advice about which bank, card, or investment to choose.
Related tools
- TFSA roomRoom from the year you became a resident, not from 2009.
- Take-home pay2026 tax, CPP or QPP, and EI by province.
- FHSA and RRSP limitsThe $8,000 FHSA room and the 2026 RRSP ceiling.
- RRSP room in year oneWhy the first year is often $0, and what this year's income creates next year.
- GST/HST creditJuly 2026 to June 2027 groceries benefit, from 2025 income.
- Canada child benefitJuly 2026 to June 2027 estimate, plus how a newcomer applies.
- Ontario take-home pay2026 Ontario estimate, including the health premium and surtax.
- B.C. take-home pay2026 British Columbia estimate at the annual 5.60% rate.
- Alberta take-home pay2026 Alberta estimate. The supplemental credit is $0 on the basic amount alone.
- Quebec take-home pay2026 Quebec estimate with QPP, QPIP, and the labelled gaps.
- RRSP tax differenceHow a 2026 contribution changes tax on the same income.
- Manitoba take-home pay2026 Manitoba estimate. The basic amount phases out above $200,000.
- Saskatchewan take-home pay2026 Saskatchewan estimate at the 10.5% first bracket.
- Nova Scotia take-home pay2026 Nova Scotia estimate with the flat $11,932 basic amount.
- New Brunswick take-home pay2026 New Brunswick estimate at the 9.4% first bracket.
- N.L. take-home pay2026 Newfoundland and Labrador estimate using the $13,094 basic amount.
- P.E.I. take-home pay2026 Prince Edward Island estimate. Income above $200,000 uses 20%.
- CPP and EI2026 employee CPP, CPP2, and EI, with Quebec QPP and QPIP.
- Canada workers benefit2025 Schedule 6 estimate. A partial year of residency is $0.
- First-year checklistSIN, a bank account, credit, and the first return.
- First tax returnDate of entry, world income, and the filing dates CRA has published.
- Credit fileHow a Canadian file starts, and how to order a free report.
- TFSA, RRSP, and FHSAWhen each account's room starts. Not a recommendation.
- First weekSIN, a bank account, a phone number, and credit basics.
- Sending money homeGifts, Form T1135, and the FINTRAC reports that are not yours to file.
- First apartmentDeposit rules in Ontario, B.C., Alberta, and Quebec.
- Ontario trillium benefitOEPTC, NOEC, and the sales tax credit for July 2026 to June 2027.