RRSP Withdrawal Tax in Newfoundland and Labrador (2026)
CRA withholds 10% / 20% / 30% at source for withdrawals up to $5,000 / $5,001–$15,000 / over $15,000 — federal only (no provincial withholding outside Quebec). Final tax at filing depends on your Newfoundland and Labrador marginal rate (other income + brackets).
Withholding at Source (Newfoundland and Labrador)
| Withdrawal amount | Federal (CRA) | Total withheld |
|---|---|---|
| Up to $5,000 | 10% | 10% |
| $5,001 – $15,000 | 20% | 20% |
| Over $15,000 | 30% | 30% |
Source: CRA S3-F10-C3 and Regulation 103. Withholding is a prepayment — your final tax at filing is your combined federal + Newfoundland and Labrador marginal rate.
Tax on Every RRSP Withdrawal Amount (Newfoundland and Labrador, 2026)
Assumes RRSP withdrawal is your only income — e.g. retiree with no employment or CPP/OAS yet. 2026 basic personal amount shelters the first ~$16,129 federally.
| Withdrawal | Withheld | Actual tax | Effective rate | Refund / (Owing) | Net in hand |
|---|---|---|---|---|---|
| $300 | $30 | $0 | 0.0% | $30.00 | $300 |
| $1,000 | $100 | $0 | 0.0% | $100.00 | $1,000 |
| $2,000 | $200 | $0 | 0.0% | $200.00 | $2,000 |
| $3,000 | $300 | $0 | 0.0% | $300.00 | $3,000 |
| $4,500 | $450 | $0 | 0.0% | $450.00 | $4,500 |
| $5,000 | $500 | $0 | 0.0% | $500.00 | $5,000 |
| $8,000 | $1,600 | $0 | 0.0% | $1,600.00 | $8,000 |
| $10,000 | $2,000 | $0 | 0.0% | $2,000.00 | $10,000 |
| $15,000 | $3,000 | $332 | 2.0% | $2,668.36 | $14,668 |
| $20,000 | $6,000 | $1,263 | 6.0% | $4,736.64 | $18,737 |
| $25,000 | $7,500 | $2,398 | 10.0% | $5,101.64 | $22,602 |
| $30,000 | $9,000 | $3,533 | 12.0% | $5,466.64 | $26,467 |
| $35,000 | $10,500 | $4,668 | 13.0% | $5,831.64 | $30,332 |
| $40,000 | $12,000 | $5,803 | 15.0% | $6,196.64 | $34,197 |
| $50,000 | $15,000 | $8,382 | 17.0% | $6,617.96 | $41,618 |
| $60,000 | $18,000 | $11,328 | 19.0% | $6,671.95 | $48,672 |
| $70,000 | $21,000 | $14,828 | 21.0% | $6,171.95 | $55,172 |
| $75,000 | $22,500 | $16,578 | 22.0% | $5,921.95 | $58,422 |
| $100,000 | $30,000 | $25,466 | 25.0% | $4,533.55 | $74,534 |
| $150,000 | $45,000 | $45,429 | 30.0% | ($428.97) | $104,571 |
| $200,000 | $60,000 | $67,695 | 34.0% | ($7,695.21) | $132,305 |
| $300,000 | $90,000 | $117,836 | 39.0% | ($27,835.94) | $182,164 |
$20,000 Withdrawal on Top of Other Income (Newfoundland and Labrador 2026)
What a $20,000 RRSP withdrawal actually costs in Newfoundland and Labrador when stacked on your existing income. Effective rate rises as marginal rate climbs into higher brackets.
Other income: $0
$1,263
6.0% effective
Withheld $6,000 → refund $4,737
Other income: $30,000
$4,849
24.0% effective
Withheld $6,000 → refund $1,151
Other income: $60,000
$7,000
35.0% effective
Withheld $6,000 → owe $1,000
Other income: $100,000
$7,423
37.0% effective
Withheld $6,000 → owe $1,423
Run the numbers with your exact amount, other income, and year: Open RRSP Withdrawal Tax Calculator →
RRSP Withdrawal Tax in Other Provinces
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Frequently asked questions
How much withholding tax is deducted on an RRSP withdrawal in Newfoundland and Labrador?
In Newfoundland and Labrador, CRA withholds federal-only at source: 10% on withdrawals up to $5,000, 20% on $5,001–$15,000, and 30% above $15,000. No provincial withholding applies — your provincial tax is settled at filing.
What is the final tax rate on an RRSP withdrawal in Newfoundland and Labrador?
The final tax equals your combined federal + Newfoundland and Labrador marginal rate times the withdrawal. With no other income in 2026, a $20,000 withdrawal actually costs $1,263 (6.0% effective). At $60,000 other income it climbs to $7,000 (35.0%).
Is RRSP withdrawal taxable income in Newfoundland and Labrador?
Yes — fully added to your taxable income for the year and taxed at your combined federal + Newfoundland and Labrador marginal rate. The withholding is a deposit, not the final bill.
Does Newfoundland and Labrador have its own RRSP withholding?
No. Newfoundland and Labrador does not have a separate withholding — only CRA withholds federally (10% / 20% / 30%). Your Newfoundland and Labrador provincial tax is calculated and settled when you file your T1 return. Quebec is the only province with a combined federal + provincial withholding.