Tax year 2026 · Free · No account
The first Canadian dollars, with the official numbers beside them.
Newcomer Wallet is a set of calculators and a first-year checklist for people who just became residents of Canada. TFSA room, take-home pay, and FHSA and RRSP limits run in your browser. There is no login, and nothing you type is stored or sent.
Educational only, not financial or tax advice. Not affiliated with CRA.
Savings
TFSA room after you arrive
Room starts the year you are a resident and 18 or older. It does not reach back to 2009.
$7,000.00 TFSA dollar limit
MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and YAMPE. 2026 · Canada Revenue Agency
Pay
Take-home pay by province
Federal tax, provincial tax, CPP or QPP, and EI for 2026 employment income. The math is shown.
Federal tax starts at 14%
Current year tax rates and income brackets (2026). 2026 · Canada Revenue Agency
Home and retirement
FHSA and RRSP, side by side
FHSA room starts when you open the account. RRSP room in year one is often zero.
$8,000.00 a year, $40,000.00 lifetime
First year
Money checklist
SIN, a bank account, credit, the first tax return, and the benefits that start with a filed return.
Official Canada.ca steps, no invented benefit amounts
Newcomers to Canada (immigrants and returning residents). CRA newcomers · Canada Revenue Agency
What stays on your side of the screen
- No account, no email field, no saved scenarios.
- Calculator inputs are not sent to a server. Refreshing the page clears them.
- No advertising tags and no affiliate links in this version.
- Every tax figure names its year and links to a government page.
What this version leaves out
- The 2027 TFSA dollar limit, which CRA has not published.
- A full Quebec payroll formula. Quebec is estimated, and the gaps are labelled.
- French. The guides are in English and link to the official pages, some of which are bilingual.
- Advice about which bank, card, or investment to choose.