Tax on a $50,000 RRSP Withdrawal (2026)

Withdraw $50,000 from your RRSP in 2026 and CRA withholds $15,000 immediately (30%) — or $14,500 (29%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).

Withheld at source (outside Quebec)

$15,000

30% of $50,000 — you receive $35,000 cash

Withheld at source (Quebec)

$14,500

29% combined fed + QC — you receive $35,500 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	$15,000	$7,166	14.3%	$7,834.22	$42,834
British Columbia	$15,000	$6,757	13.5%	$8,243.38	$43,243
Alberta	$15,000	$6,875	13.8%	$8,124.80	$43,125
Quebec	$14,500	$8,268	16.5%	$6,231.52	$41,732
Manitoba	$15,000	$8,451	16.9%	$6,549.02	$41,549
Saskatchewan	$15,000	$7,807	15.6%	$7,193.28	$42,193
Nova Scotia	$15,000	$9,214	18.4%	$5,786.39	$40,786
New Brunswick	$15,000	$8,112	16.2%	$6,887.70	$41,888
Newfoundland and Labrador	$15,000	$8,216	16.4%	$6,783.78	$41,784
Prince Edward Island	$15,000	$8,660	17.3%	$6,340.22	$41,340
Northwest Territories	$15,000	$6,573	13.1%	$8,426.96	$43,427
Yukon	$15,000	$6,844	13.7%	$8,156.21	$43,156
Nunavut	$15,000	$5,910	11.8%	$9,089.64	$44,090

Full $50,000 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 $50,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.

Other income: $0

$7,166

14.3% effective

Withheld $15,000 → refund $7,834

Other income: $30,000

$12,441

24.9% effective

Withheld $15,000 → refund $2,559

Other income: $60,000

$15,305

30.6% effective

Withheld $15,000 → owe $305

Other income: $100,000

$20,105

40.2% effective

Withheld $15,000 → owe $5,105

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 $25,000 $30,000 $35,000 $40,000 $60,000 $70,000 $75,000 $100,000 $150,000 $200,000 $300,000

Related Calculators

RRSP Withdrawal Tax Calculator

Any amount, any province, any other-income level

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RRIF Minimum Withdrawal

Post-71 mandatory drawdown schedule

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 $50,000 RRSP withdrawal?

CRA withholds 30% at source outside Quebec (29% in Quebec) — that's $15,000 on $50,000. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $7,166 (14.3% effective) and you get a refund of $7,834.

How much is withheld on a $50,000 RRSP withdrawal?

CRA withholding tax on $50,000: $15,000 (30%) in every province except Quebec, and $14,500 (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 $50,000 RRSP withdrawal taxable income?

Yes. The full $50,000 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 $50,000 withdrawal?

Yes — withholding tiers apply per withdrawal, so splitting $50,000 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.