Tax on a $25,000 RRSP Withdrawal (2026)

Withdraw $25,000 from your RRSP in 2026 and CRA withholds $7,500 immediately (30%) — or $7,250 (29%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).

Withheld at source (outside Quebec)

$7,500

30% of $25,000 — you receive $17,500 cash

Withheld at source (Quebec)

$7,250

29% combined fed + QC — you receive $17,750 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	$7,500	$2,103	8.4%	$5,396.72	$22,897
British Columbia	$7,500	$1,197	4.8%	$6,303.28	$23,803
Alberta	$7,500	$1,375	5.5%	$6,124.80	$23,625
Quebec	$7,250	$1,846	7.4%	$5,404.02	$23,154
Manitoba	$7,500	$2,192	8.8%	$5,307.52	$22,808
Saskatchewan	$7,500	$1,682	6.7%	$5,818.29	$23,318
Nova Scotia	$7,500	$2,345	9.4%	$5,154.60	$22,655
New Brunswick	$7,500	$2,262	9.0%	$5,237.70	$22,738
Newfoundland and Labrador	$7,500	$2,233	8.9%	$5,267.46	$22,767
Prince Edward Island	$7,500	$2,147	8.6%	$5,353.28	$22,853
Northwest Territories	$7,500	$1,598	6.4%	$5,901.96	$23,402
Yukon	$7,500	$1,744	7.0%	$5,756.21	$23,256
Nunavut	$7,500	$1,410	5.6%	$6,089.64	$23,590

Full $25,000 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 $25,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.

Other income: $0

$2,103

8.4% effective

Withheld $7,500 → refund $5,397

Other income: $30,000

$5,108

20.4% effective

Withheld $7,500 → refund $2,392

Other income: $60,000

$7,563

30.3% effective

Withheld $7,500 → owe $63

Other income: $100,000

$9,253

37.0% effective

Withheld $7,500 → owe $1,753

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 $15,000 $20,000 $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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RRSP Contribution Limit 2027

$35,390 cap, 18% rule, and both RRSP deadlines

Tax-Advantaged Savings Guide

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Frequently asked questions

How much tax do you pay on a $25,000 RRSP withdrawal?

CRA withholds 30% at source outside Quebec (29% in Quebec) — that's $7,500 on $25,000. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $2,103 (8.4% effective) and you get a refund of $5,397.

How much is withheld on a $25,000 RRSP withdrawal?

CRA withholding tax on $25,000: $7,500 (30%) in every province except Quebec, and $7,250 (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 $25,000 RRSP withdrawal taxable income?

Yes. The full $25,000 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 $25,000 withdrawal?

Yes — withholding tiers apply per withdrawal, so splitting $25,000 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.