Tax on a $4,500 RRSP Withdrawal (2026)
Withdraw $4,500 from your RRSP in 2026 and CRA withholds $450 immediately (10%) — or $855 (19%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).
Withheld at source (outside Quebec)
$450
10% of $4,500 — you receive $4,050 cash
Withheld at source (Quebec)
$855
19% combined fed + QC — you receive $3,645 cash
CRA Withholding Tiers (why 10%?)
| 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 | $450 | $0 | 0.0% | $450.00 | $4,500 |
| British Columbia | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Alberta | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Quebec | $855 | $0 | 0.0% | $855.00 | $4,500 |
| Manitoba | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Saskatchewan | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Nova Scotia | $450 | $0 | 0.0% | $450.00 | $4,500 |
| New Brunswick | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Newfoundland and Labrador | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Prince Edward Island | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Northwest Territories | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Yukon | $450 | $0 | 0.0% | $450.00 | $4,500 |
| Nunavut | $450 | $0 | 0.0% | $450.00 | $4,500 |
With Other Income (Ontario 2026)
What a $4,500 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.
Other income: $0
$0
0.0% effective
Withheld $450 → refund $450
Other income: $30,000
$857
19.0% effective
Withheld $450 → owe $407
Other income: $60,000
$1,334
30.0% effective
Withheld $450 → owe $884
Other income: $100,000
$1,334
30.0% effective
Withheld $450 → owe $884
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 $4,500 RRSP withdrawal?
CRA withholds $450 at source outside Quebec (10%), or $855 (19%) in Quebec. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $0 (0.0% effective).
How much is withheld on a $4,500 RRSP withdrawal?
CRA withholds $450 (10%) outside Quebec or $855 (19%) combined federal + provincial in Quebec. Tiers: 10%/20%/30% on ≤$5k / $5,001–$15k / $15k+ (doubled to 19%/24%/29% in Quebec).
Is a $4,500 RRSP withdrawal taxable income?
Yes — fully added to your taxable income for the year and taxed at your combined federal + provincial marginal rate. The 10% withholding is a deposit, not the final bill.
Does splitting a $4,500 withdrawal reduce tax?
$4,500 is already in the lowest ≤$5,000 tier — no splitting benefit.