Tax on a $15,000 RRSP Withdrawal (2026)

Withdraw $15,000 from your RRSP in 2026 and CRA withholds $3,000 immediately (20%) — or $3,600 (24%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).

Withheld at source (outside Quebec)

$3,000

20% of $15,000 — you receive $12,000 cash

Withheld at source (Quebec)

$3,600

24% combined fed + QC — you receive $11,400 cash

CRA Withholding Tiers (why 20%?)

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	$3,000	$0	0.0%	$3,000.00	$15,000
British Columbia	$3,000	$0	0.0%	$3,000.00	$15,000
Alberta	$3,000	$0	0.0%	$3,000.00	$15,000
Quebec	$3,600	$0	0.0%	$3,600.00	$15,000
Manitoba	$3,000	$0	0.0%	$3,000.00	$15,000
Saskatchewan	$3,000	$0	0.0%	$3,000.00	$15,000
Nova Scotia	$3,000	$0	0.0%	$3,000.00	$15,000
New Brunswick	$3,000	$126	0.8%	$2,874.42	$14,874
Newfoundland and Labrador	$3,000	$166	1.1%	$2,834.18	$14,834
Prince Edward Island	$3,000	$0	0.0%	$3,000.00	$15,000
Northwest Territories	$3,000	$0	0.0%	$3,000.00	$15,000
Yukon	$3,000	$0	0.0%	$3,000.00	$15,000
Nunavut	$3,000	$0	0.0%	$3,000.00	$15,000

Full $15,000 breakdown at every income level, with the cash you need to withdraw and ways to lower the tax: Ontario · British Columbia · Alberta · Manitoba · Quebec

With Other Income (Ontario 2026)

What a $15,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.

Other income: $0

0.0% effective

Withheld $3,000 → refund $3,000

Other income: $30,000

$3,008

20.1% effective

Withheld $3,000 → owe $8

Other income: $60,000

$4,598

30.6% effective

Withheld $3,000 → owe $1,598

Other income: $100,000

$5,024

33.5% effective

Withheld $3,000 → owe $2,024

Run the numbers with your exact province, other income, and year: Open RRSP Withdrawal Tax Calculator →

Tax on Other RRSP Withdrawal Amounts

$300 $1,000 $2,000 $3,000 $4,500 $5,000 $8,000 $10,000 $20,000 $25,000 $30,000 $35,000 $40,000 $50,000 $60,000 $70,000 $75,000 $100,000 $150,000 $200,000 $300,000

Related Calculators

RRSP Withdrawal Tax Calculator

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RRIF Minimum Withdrawal

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Frequently asked questions

How much tax do you pay on a $15,000 RRSP withdrawal?

CRA withholds 20% at source outside Quebec (24% in Quebec) — that's $3,000 on $15,000. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $0 (0.0% effective) and you get a refund of $3,000.

How much is withheld on a $15,000 RRSP withdrawal?

CRA withholding tax on $15,000: $3,000 (20%) in every province except Quebec, and $3,600 (24%) 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 $15,000 RRSP withdrawal taxable income?

Yes. The full $15,000 is added to your taxable income for the year and taxed at your combined federal + provincial marginal rate. The 20% 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 $15,000 withdrawal?

Yes — withholding tiers apply per withdrawal, so splitting $15,000 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.