Tax on a $100,000 RRSP Withdrawal (2026)
Withdraw $100,000 from your RRSP in 2026 and CRA withholds $30,000 immediately (30%) — or $29,000 (29%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).
Withheld at source (outside Quebec)
$30,000
30% of $100,000 — you receive $70,000 cash
Withheld at source (Quebec)
$29,000
29% combined fed + QC — you receive $71,000 cash
CRA Withholding Tiers (why 30%?)
| Withdrawal amount | Outside Quebec | Quebec (fed + prov) |
|---|---|---|
| Up to $5,000 | 10% | 19% (5% + 14%) |
| $5,001 – $15,000 | 20% | 24% (10% + 14%) |
| Over $15,000 | 30% | 29% (15% + 14%) |
Source: CRA S3-F10-C3 and Regulation 103. Withholding is a prepayment — your final tax is your marginal rate, reconciled on your T1.
Per-Province Final Tax (if RRSP is your only income for 2026)
Pure withdrawal scenario — e.g. retiree with no employment or CPP/OAS yet. Assumes 2026 basic personal amount (BPA) shelters the first ~$16,129 federally.
| Province | Withheld | Actual tax | Effective rate | Refund / (Owing) | Net in hand |
|---|---|---|---|---|---|
| Ontario | $30,000 | $20,677 | 21.0% | $9,322.75 | $79,323 |
| British Columbia | $30,000 | $20,295 | 20.0% | $9,704.99 | $79,705 |
| Alberta | $30,000 | $21,347 | 21.0% | $8,652.79 | $78,653 |
| Quebec | $29,000 | $25,647 | 26.0% | $3,352.60 | $74,353 |
| Manitoba | $30,000 | $24,522 | 25.0% | $5,478.01 | $75,478 |
| Saskatchewan | $30,000 | $23,662 | 24.0% | $6,337.91 | $76,338 |
| Nova Scotia | $30,000 | $27,060 | 27.0% | $2,940.19 | $72,940 |
| New Brunswick | $30,000 | $24,701 | 25.0% | $5,299.00 | $75,299 |
| Newfoundland and Labrador | $30,000 | $25,466 | 25.0% | $4,533.55 | $74,534 |
| Prince Edward Island | $30,000 | $26,161 | 26.0% | $3,839.38 | $73,839 |
| Northwest Territories | $30,000 | $20,488 | 20.0% | $9,512.03 | $79,512 |
| Yukon | $30,000 | $20,818 | 21.0% | $9,181.80 | $79,182 |
| Nunavut | $30,000 | $18,932 | 19.0% | $11,067.66 | $81,068 |
With Other Income (Ontario 2026)
What a $100,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.
Other income: $0
$20,677
21.0% effective
Withheld $30,000 → refund $9,323
Other income: $30,000
$27,976
28.0% effective
Withheld $30,000 → refund $2,024
Other income: $60,000
$33,162
33.0% effective
Withheld $30,000 → owe $3,162
Other income: $100,000
$37,123
37.0% effective
Withheld $30,000 → owe $7,123
Run the numbers with your exact province, other income, and year: Open RRSP Withdrawal Tax Calculator →
Tax on Other RRSP Withdrawal Amounts
RRSP Withdrawal Tax by Province
Related Calculators
Frequently asked questions
How much tax do you pay on a $100,000 RRSP withdrawal?
CRA withholds $30,000 at source outside Quebec (30%), or $29,000 (29%) in Quebec. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $20,677 (21.0% effective).
How much is withheld on a $100,000 RRSP withdrawal?
CRA withholds $30,000 (30%) outside Quebec or $29,000 (29%) combined federal + provincial in Quebec. Tiers: 10%/20%/30% on ≤$5k / $5,001–$15k / $15k+ (doubled to 19%/24%/29% in Quebec).
Is a $100,000 RRSP withdrawal taxable income?
Yes — fully added to your taxable income for the year and taxed at your combined federal + provincial marginal rate. The 30% withholding is a deposit, not the final bill.
Does splitting a $100,000 withdrawal reduce tax?
Splitting $100,000 into several ≤$5,000 withdrawals drops each withholding to 10% (19% in Quebec) — but final tax at filing is identical regardless of splits. Only your cash flow before filing changes. Note: CRA can apply higher withholding if withdrawals are clearly coordinated to game the tiers.