Key 2026 retirement figures
Every official number our tools and guides use, with the year or period it applies to and the government page it comes from. We update this page when amounts change — OAS and GIS each quarter, most others each January.
Canada Pension Plan
| Figure | Amount | Applies to |
|---|---|---|
| Maximum retirement pension at 65 | $1,507.65/month | Pensions starting January 2026 |
| Average new retirement pension at 65 | $858.34/month | July 2026 |
| Maximum post-retirement benefit | $54.69/month | 2026 |
| Maximum survivor's pension (under 65 / 65+) | $803.54 / $904.59 | 2026 |
| Death benefit (one-time maximum) | $2,500 | 2026 |
| Early start reduction | 0.6% per month before 65 | Current rule |
| Late start increase | 0.7% per month after 65, to 70 | Current rule |
| Year's maximum pensionable earnings (YMPE) | $74,600 | 2026 |
| Year's additional maximum pensionable earnings (YAMPE) | $85,000 | 2026 |
| Basic exemption | $3,500 | 2026 |
| Employee/employer rate to YMPE; CPP2 rate | 5.95% each; 4% each | 2026 |
| Maximum employee contribution; CPP2 | $4,230.45; $416.00 | 2026 |
Old Age Security and GIS
| Figure | Amount | Applies to |
|---|---|---|
| Maximum OAS, age 65–74 | $762.50/month | October to December 2026 |
| Maximum OAS, age 75+ | $838.75/month | October to December 2026 |
| Deferral increase | 0.6% per month after 65, to 36% at 70 | Current rule |
| Recovery tax rate | 15% of net income above the threshold | Current rule |
| Recovery threshold (income year 2024) | $90,997 | Fully recovered at $148,451 (65–74) / $154,196 (75+) |
| Recovery threshold (income year 2025) | $93,454 | Fully recovered at $152,062 (65–74) / $157,923 (75+) |
| Recovery threshold (income year 2026) | $95,323 | Fully recovered at $155,320 (65–74) / $161,320 (75+), estimates |
| GIS maximum, single | $1,138.90/month | October to December 2026; income under $23,112 |
| GIS maximum, spouse receives full OAS | $685.56/month each | October to December 2026; combined income under $30,528 |
RRSP and TFSA
| Year | RRSP dollar limit | TFSA annual limit |
|---|---|---|
| 2023 | $30,780 | $6,500 |
| 2024 | $31,560 | $7,000 |
| 2025 | $32,490 | $7,000 |
| 2026 | $33,810 | $7,000 |
| 2027 | $35,390 | Not yet announced |
RRSP room is 18% of the previous year's earned income up to the dollar limit, minus pension adjustments, plus unused room. Cumulative TFSA room for someone 18 or older and resident since 2009 who has never contributed: $109,000 in 2026. RRSPs must mature by December 31 of the year you turn 71.
RRIF minimum withdrawal factors
| Age on January 1 | Minimum factor |
|---|---|
| 55 | 2.86% |
| 60 | 3.33% |
| 65 | 4% |
| 70 | 5% |
| 71 | 5.28% |
| 72 | 5.40% |
| 75 | 5.82% |
| 80 | 6.82% |
| 85 | 8.51% |
| 90 | 11.92% |
| 95 and over | 20% |
Up to age 70, the factor is 1 ÷ (90 − age). From 71, the CRA's prescribed chart applies.
2026 federal income tax brackets
| Taxable income | Rate |
|---|---|
| $0 to $58,523 | 14% |
| $58,523 to $117,045 | 20.5% |
| $117,045 to $181,440 | 26% |
| $181,440 to $258,482 | 29% |
| Over $258,482 | 33% |
Federal basic personal amount: $16,452 (reduced gradually to $14,829 between $181,440 and $258,482). Provincial brackets are on each province page.
Economic anchor
The Bank of Canada targets 2% inflation, the midpoint of a 1% to 3% range. Our tools default to 2% inflation; that is an assumption, not a forecast.
Official sources
- Service Canada — CPP retirement pension: how much you could receive
- Service Canada — Old Age Security payment amounts
- Service Canada — OAS pension recovery tax
- CRA — MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and YAMPE
- CRA — Chart: prescribed factors (RRIF minimum amount)
- CRA — Tax rates and income brackets for individuals (current year)
- CRA — T4127 Payroll Deductions Formulas (January 2026)
- Bank of Canada — Inflation-control target
Figures checked October 30, 2026. Rules and amounts change; confirm current details on the official pages above.