Tax Facts 2025-2026

Canadian tax rates, credits, and filing deadlines to support your tax planning

A practical guide to support your tax compliance and planning

Quick access to the latest Canadian tax rates, credits, and filing deadlines plays a key role in meeting your tax compliance obligations and remaining abreast of constant tax changes. KPMG in Canada’s 2025-2026 edition of Tax Facts provides a summary of Canadian corporate and personal tax rates and credits, filing obligations, and other key tax information, including non-resident withholding tax rates and U.S. personal and corporate tax rates of interest to businesses and individuals.

Key tax changes for 2025-2026

Personal income tax rate that applies to the lowest federal income tax bracket decreases to 14.5% in 2025 (from 15%) and to 14% in 2026
CRA's temporary administrative relief measures for 2025
Proposed changes to the Federal and Quebec Research and Development (R&D) tax incentives

Tax Facts at a glance

Individuals
Access updated Canadian personal tax information for 2025 and 2026, including federal and provincial income tax rates, key tax credits, top marginal income tax rates, retirement savings limits, employment withholdings, personal tax deadlines, and more.

Corporations
Explore 2025 and 2026 Canadian corporate tax rates (CCPCs and general corporations), small business thresholds, R&D tax incentives, payroll deductions, corporate filing deadlines, and more.

Income tax administration and policy
Understand the administrative side of Canadian tax with prescribed interest rates, key federal and provincial filing deadlines, and penalty provisions that impact both individuals and businesses

International
Explore international tax information including U.S. personal and corporate tax rates, non-resident withholding tax rates, and cross-border tax considerations

Indirect taxes
Understand Canadian indirect taxes with updated GST/HST, QST, and PST/RST rates, filing periods, and penalties to help businesses stay compliant with sales tax obligations.

Other taxes and levies
Access key tax figures for 2025 and 2026 on provincial payroll taxes, land transfer taxes, speculation and vacancy levies, and probate fees to support comprehensive tax planning.