Tax on a $75,000 RRSP Withdrawal (2026)
Withdraw $75,000 from your RRSP in 2026 and CRA withholds $22,500 immediately (30%) — or $21,750 (29%) if you're in Quebec. Your final tax bill depends on your marginal rate (other income + province).
Withheld at source (outside Quebec)
$22,500
30% of $75,000 — you receive $52,500 cash
Withheld at source (Quebec)
$21,750
29% combined fed + QC — you receive $53,250 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 | $22,500 | $13,265 | 18.0% | $9,235.25 | $61,735 |
| British Columbia | $22,500 | $13,245 | 18.0% | $9,254.99 | $61,755 |
| Alberta | $22,500 | $13,722 | 18.0% | $8,777.79 | $61,278 |
| Quebec | $21,750 | $16,618 | 22.0% | $5,131.97 | $58,382 |
| Manitoba | $22,500 | $16,209 | 22.0% | $6,290.51 | $58,791 |
| Saskatchewan | $22,500 | $15,412 | 21.0% | $7,087.91 | $59,588 |
| Nova Scotia | $22,500 | $17,746 | 24.0% | $4,754.13 | $57,254 |
| New Brunswick | $22,500 | $16,076 | 21.0% | $6,424.00 | $58,924 |
| Newfoundland and Labrador | $22,500 | $16,578 | 22.0% | $5,921.95 | $58,422 |
| Prince Edward Island | $22,500 | $16,886 | 23.0% | $5,614.38 | $58,114 |
| Northwest Territories | $22,500 | $13,213 | 18.0% | $9,287.03 | $61,787 |
| Yukon | $22,500 | $13,443 | 18.0% | $9,056.80 | $61,557 |
| Nunavut | $22,500 | $12,057 | 16.0% | $10,442.66 | $62,943 |
With Other Income (Ontario 2026)
What a $75,000 withdrawal actually costs when stacked on top of your existing income. Effective rate rises as your marginal rate climbs.
Other income: $0
$13,265
18.0% effective
Withheld $22,500 → refund $9,235
Other income: $30,000
$19,404
26.0% effective
Withheld $22,500 → refund $3,096
Other income: $60,000
$23,772
32.0% effective
Withheld $22,500 → owe $1,272
Other income: $100,000
$27,026
36.0% effective
Withheld $22,500 → owe $4,526
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 $75,000 RRSP withdrawal?
CRA withholds $22,500 at source outside Quebec (30%), or $21,750 (29%) in Quebec. At filing you settle up at your marginal rate. With no other income in Ontario 2026, actual tax is $13,265 (18.0% effective).
How much is withheld on a $75,000 RRSP withdrawal?
CRA withholds $22,500 (30%) outside Quebec or $21,750 (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 $75,000 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 $75,000 withdrawal reduce tax?
Splitting $75,000 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.