British Columbia FHSA & RRSP Tax Refund Calculator 2026
In British Columbia, an $8,000 contribution gives a refund of about $2,256.00 on $70,000 of income and about $2,256.00 on $100,000 (estimate).
Estimated result Estimate
Estimated refund$2,256.00
- Refund rate
- 28.20%
- Net cost after refund
- $5,744.00
- Combined marginal rate
- 28.20%
- Deduction used
- $8,000.00
- Tax before contribution
- $16,065.01
- Tax after contribution
- $13,809.01
- Federal tax before contribution
- $11,317.73
- Provincial or territorial tax before contribution
- $4,747.28
- Contribution above income (no tax effect)
- $0.00
Limit checks
Estimate for information only, not tax or investment advice. Based on 2026 tax rates. Excludes the Ontario Health Premium, CPP/EI and other credits.
Federal brackets · Source: www.canada.ca · As of: Oct 2026 Estimate
Provincial or territorial brackets · Source: www.canada.ca · As of: Oct 2026 Estimate
Basic personal amount · Source: www.canada.ca · As of: Oct 2026 Estimate
Tax rates by income
| Taxable income | Marginal rate | Average rate |
|---|---|---|
| $30,000 | 19.60% | 9.46% |
| $50,000 | 19.60% | 13.51% |
| $70,000 | 28.20% | 16.91% |
| $85,000 | 28.20% | 18.90% |
| $100,000 | 28.20% | 20.30% |
| $120,000 | 38.29% | 22.26% |
| $150,000 | 40.70% | 25.62% |
| $200,000 | 46.09% | 29.80% |
| $250,000 | 46.09% | 33.06% |
Tax brackets
| Income bracket | Rate |
|---|---|
| Up to $50,363 | 5.60% |
| $50,363 to $100,728 | 7.70% |
| $100,728 to $115,648 | 10.50% |
| $115,648 to $140,430 | 12.29% |
| $140,430 to $190,405 | 14.70% |
| $190,405 to $265,545 | 16.80% |
| Over $265,545 | 20.50% |
Source: www.canada.ca · As of: Oct 2026 Estimate
| Income bracket | Rate |
|---|---|
| Up to $58,523 | 14.00% |
| $58,523 to $117,045 | 20.50% |
| $117,045 to $181,440 | 26.00% |
| $181,440 to $258,482 | 29.00% |
| Over $258,482 | 33.00% |
Source: www.canada.ca · As of: Oct 2026 Estimate
Provincial or territorial brackets · Source: www.canada.ca · As of: Oct 2026 Estimate