Tax on a $35,000 RRSP Withdrawal (2026)
Withdraw $35,000 from your RRSP in 2026 and CRA withholds $10,500 immediately (30%) — or $10,150 (29%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).
Withheld at source (outside Quebec)
$10,500
30% of $35,000 — you receive $24,500 cash
Withheld at source (Quebec)
$10,150
29% combined fed + QC — you receive $24,850 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 | $10,500 | $3,708 | 11.0% | $6,791.72 | $31,292 |
| British Columbia | $10,500 | $3,817 | 11.0% | $6,683.38 | $31,183 |
| Alberta | $10,500 | $3,575 | 10.0% | $6,924.80 | $31,425 |
| Quebec | $10,150 | $4,415 | 13.0% | $5,735.02 | $30,585 |
| Manitoba | $10,500 | $4,672 | 13.0% | $5,827.52 | $30,328 |
| Saskatchewan | $10,500 | $4,132 | 12.0% | $6,368.28 | $30,868 |
| Nova Scotia | $10,500 | $4,871 | 14.0% | $5,628.89 | $30,129 |
| New Brunswick | $10,500 | $4,602 | 13.0% | $5,897.70 | $30,398 |
| Newfoundland and Labrador | $10,500 | $4,668 | 13.0% | $5,831.64 | $30,332 |
| Prince Edward Island | $10,500 | $4,539 | 13.0% | $5,960.72 | $30,461 |
| Northwest Territories | $10,500 | $3,588 | 10.0% | $6,911.96 | $31,412 |
| Yukon | $10,500 | $3,784 | 11.0% | $6,716.21 | $31,216 |
| Nunavut | $10,500 | $3,210 | 9.0% | $7,289.64 | $31,790 |
With Other Income (Ontario 2026)
What a $35,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.
Other income: $0
$3,708
11.0% effective
Withheld $10,500 → refund $6,792
Other income: $30,000
$7,544
22.0% effective
Withheld $10,500 → refund $2,956
Other income: $60,000
$10,378
30.0% effective
Withheld $10,500 → refund $123
Other income: $100,000
$11,912
34.0% effective
Withheld $10,500 → owe $1,412
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 $35,000 RRSP withdrawal?
CRA withholds $10,500 at source outside Quebec (30%), or $10,150 (29%) in Quebec. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $3,708 (11.0% effective).
How much is withheld on a $35,000 RRSP withdrawal?
CRA withholds $10,500 (30%) outside Quebec or $10,150 (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 $35,000 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 $35,000 withdrawal reduce tax?
Splitting $35,000 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.