Canada's 2026 federal income tax brackets are out — Here's how much you'll pay next year

Canada's 2026 federal income tax brackets are out — Here's how much you'll pay next year

It's almost that time of year again! If you're trying to figure out how much of your income in 2026 will go toward taxes in Canada, you're in luck — the Canada Revenue Agency just updated the federal income tax brackets, and there are some changes that could mean a bit of relief for your wallet. Here's what the CRA says Canadians can expect for federal taxes in 2026.

Quebec taxes are changing in 2026 — Here's how much you'll pay under the new brackets

Quebec has released its updated tax brackets for 2026, which means residents can get a clearer picture of how much income tax they will owe next year. Both Revenu Québec and the Canada Revenue Agency (CRA) have adjusted their brackets for inflation, and a few changes could slightly reduce what you pay on your 2026 income.Just like every year, taxes in Canada work on a progressive system. You only pay the higher rate on the portion of income that…