Tax on a $30,000 RRSP Withdrawal (2026)
Withdraw $30,000 from your RRSP in 2026 and CRA withholds $9,000 immediately (30%) — or $8,700 (29%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).
Withheld at source (outside Quebec)
$9,000
30% of $30,000 — you receive $21,000 cash
Withheld at source (Quebec)
$8,700
29% combined fed + QC — you receive $21,300 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 | $9,000 | $2,756 | 9.0% | $6,244.22 | $27,244 |
| British Columbia | $9,000 | $2,837 | 9.0% | $6,163.38 | $27,163 |
| Alberta | $9,000 | $2,475 | 8.0% | $6,524.80 | $27,525 |
| Quebec | $8,700 | $3,130 | 10.0% | $5,569.52 | $26,870 |
| Manitoba | $9,000 | $3,432 | 11.0% | $5,567.52 | $26,568 |
| Saskatchewan | $9,000 | $2,907 | 10.0% | $6,093.29 | $27,093 |
| Nova Scotia | $9,000 | $3,485 | 12.0% | $5,515.10 | $26,515 |
| New Brunswick | $9,000 | $3,432 | 11.0% | $5,567.70 | $26,568 |
| Newfoundland and Labrador | $9,000 | $3,533 | 12.0% | $5,466.64 | $26,467 |
| Prince Edward Island | $9,000 | $3,322 | 11.0% | $5,678.28 | $26,678 |
| Northwest Territories | $9,000 | $2,593 | 9.0% | $6,406.96 | $27,407 |
| Yukon | $9,000 | $2,764 | 9.0% | $6,236.21 | $27,236 |
| Nunavut | $9,000 | $2,310 | 8.0% | $6,689.64 | $27,690 |
With Other Income (Ontario 2026)
What a $30,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.
Other income: $0
$2,756
9.0% effective
Withheld $9,000 → refund $6,244
Other income: $30,000
$6,061
20.0% effective
Withheld $9,000 → refund $2,939
Other income: $60,000
$8,895
30.0% effective
Withheld $9,000 → refund $105
Other income: $100,000
$10,054
34.0% effective
Withheld $9,000 → owe $1,054
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 $30,000 RRSP withdrawal?
CRA withholds $9,000 at source outside Quebec (30%), or $8,700 (29%) in Quebec. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $2,756 (9.0% effective).
How much is withheld on a $30,000 RRSP withdrawal?
CRA withholds $9,000 (30%) outside Quebec or $8,700 (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 $30,000 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 $30,000 withdrawal reduce tax?
Splitting $30,000 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.