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 ~$16,452 federally.
Province
Withheld
Actual tax
Effective rate
Refund / (Owing)
Net in hand
Ontario
$30,000
$21,521
21.5%
$8,479.44
$78,479
British Columbia
$30,000
$20,295
20.3%
$9,704.99
$79,705
Alberta
$30,000
$21,347
21.3%
$8,652.79
$78,653
Quebec
$29,000
$25,647
25.6%
$3,352.60
$74,353
Manitoba
$30,000
$24,522
24.5%
$5,478.01
$75,478
Saskatchewan
$30,000
$23,662
23.7%
$6,337.91
$76,338
Nova Scotia
$30,000
$27,060
27.1%
$2,940.19
$72,940
New Brunswick
$30,000
$24,701
24.7%
$5,299.00
$75,299
Newfoundland and Labrador
$30,000
$25,301
25.3%
$4,699.37
$74,699
Prince Edward Island
$30,000
$26,161
26.2%
$3,839.38
$73,839
Northwest Territories
$30,000
$20,488
20.5%
$9,512.03
$79,512
Yukon
$30,000
$20,818
20.8%
$9,181.80
$79,182
Nunavut
$30,000
$18,932
18.9%
$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.
How much tax do you pay on a $100,000 RRSP withdrawal?
CRA withholds 30% at source outside Quebec (29% in Quebec) — that's $30,000 on $100,000. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $21,521 (21.5% effective) and you get a refund of $8,479.
How much is withheld on a $100,000 RRSP withdrawal?
CRA withholding tax on $100,000: $30,000 (30%) in every province except Quebec, and $29,000 (29%) combined federal + provincial in Quebec. Withholding tiers are 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. The full $100,000 is added to your taxable income for the year and taxed at your combined federal + provincial marginal rate. The 30% withholding is a deposit against that tax, not the final tax owed — if your marginal rate is higher you'll owe more; if lower you'll get a refund.
Does it matter how I split a $100,000 withdrawal?
Yes — withholding tiers apply per withdrawal, so splitting $100,000 into several ≤$5,000 withdrawals drops the immediate withholding to 10% each (19% in Quebec). CRA is wise to this: they may apply a higher rate if withdrawals are clearly coordinated to reduce withholding. Final tax at filing is identical regardless of splits — only your cash flow before filing changes.
