Tax year 2026
What is a raise actually worth?
A raise is quoted before deductions. This shows what is left of it once tax and contributions have taken their share.
A year, before deductions.
A year, before deductions.
What the raise is worth
$6,950
more a year in your bank account, from a $10,000 raise. You keep 69.5% of it.
| Gross raise | $10,000.00 |
|---|---|
| Extra take-home a year | $6,950.00 |
| Extra a month | $579.17 |
| Extra every two weeks | $267.31 |
| Share of the raise retained | 69.5% |
| Take-home before | $67,508.50 |
| Take-home after | $74,458.50 |
A $10,000 raise increases estimated take-home pay by about $6,950 a year. The share you keep is not one minus your tax bracket: a raise can cross a bracket, pass a contribution ceiling, or move you through a credit phase-out, and each of those changes the answer.
What this assumes
The figures are estimates of payroll deductions for employment income, worked out on the basic personal claim. They do not know about other credits you claimed on your TD1, and they do not cover self-employment, dividends or investment income. The methodology sets out every assumption and where these estimates stop being reliable.
Sources
- Current year tax rates and income brackets (2026) · Canada Revenue Agency · checked
- CPP contribution rates, maximums and exemptions, 2026 · Canada Revenue Agency · checked
- Canada Employment Insurance Commission sets the 2026 Employment Insurance premium rate · Employment and Social Development Canada · checked