Canadian Tax Changes 2027
Every 2027 figure we track, next to its 2026 value. Figures CRA, ESDC or Parliament have already set are marked as such; the rest say when they are normally published, and this table updates when they are.
Already known
5
Still pending
8
Income tax
| Figure | 2026 | 2027 | Status |
|---|---|---|---|
| Federal basic personal amount (maximum) | $16,452 | — | Pending Expected: CRA indexation release, usually mid-November |
| Top of the lowest federal bracket | $58,523 | — | Pending Expected: CRA indexation release, usually mid-November |
| Start of the top federal bracket | $258,482 | — | Pending Expected: CRA indexation release, usually mid-November |
| OAS recovery tax (clawback) threshold | $95,323 | — | Pending Expected: CRA indexation release, usually mid-November |
Savings accounts
| Figure | 2026 | 2027 | Status |
|---|---|---|---|
| TFSA annual dollar limit | $7,000 | — | Pending Expected: Finance Canada / CRA, usually November |
| RRSP dollar limit | $33,810 | $35,390 | Confirmed CRA MP/RRSP/DPSP/TFSA limits table |
| FHSA annual participation room | $8,000 | $8,000 | Set by law Fixed in the Income Tax Act, not indexed |
Payroll: CPP and EI
| Figure | 2026 | 2027 | Status |
|---|---|---|---|
| CPP employee rate (base + first additional) | 5.95% | 5.75% | Enacted, not in force Bill C-30 (Royal Assent June 18, 2026) is not yet in force: it needs an order in council with the consent of two thirds of the provinces (CPP Act s.114(4)) |
| CPP maximum pensionable earnings (YMPE) | $74,600 | — | Pending Expected: CRA CPP limits release, usually early November |
| CPP2 earnings ceiling (YAMPE) | $85,000 | — | Pending Expected: CRA CPP limits release, usually early November |
| EI employee premium rate | 1.63% | 1.64% | Confirmed Canada Employment Insurance Commission, Sept 14, 2026 |
| EI maximum insurable earnings | $68,900 | $70,800 | Confirmed Canada Employment Insurance Commission, Sept 14, 2026 |
| EI employee rate, Quebec | 1.30% | 1.29% | Confirmed Canada Employment Insurance Commission, Sept 14, 2026 |
Provinces
Provincial brackets and credits are indexed separately, mostly from January 1, and are published between November and January. Two provinces have already fixed their 2027 position:
- British Columbia paused indexation of its basic personal tax credits for the 2027 to 2030 tax years (B.C. Budget 2026).
- Manitoba has held its basic personal amount and bracket thresholds at 2024 levels since the 2025 tax year (Manitoba Budget 2025).
Current provincial figures: federal and provincial tax brackets and province-by-province comparison.
Frequently asked questions
What tax changes are already confirmed for 2027 in Canada?
When will the 2027 tax brackets and basic personal amount be announced?
Has the 2027 TFSA limit been announced?
Will I pay less CPP in 2027?
Do the provinces change their tax amounts for 2027?
Looking back instead?
The figures for this year, and what changed from 2025, are on the 2026 tax changes page. To see what the current rules mean for your pay, use these calculators: