What Your First Paycheck Looks Like in Canada (2026)
Your first Canadian paycheck will have federal tax, provincial tax, CPP, and EI withheld. Here’s what to expect and how to estimate your take-home.
What Comes Out of Your Paycheck?
- Federal + provincial tax – Withheld using your province and TD1 form.
- CPP – 5.95% on earnings between the exemption and YMPE (max ~$4,230/year).
- EI – 1.63% on earnings up to the max insurable (~$1,123/year).
Plus any benefits (health, retirement, etc.) your employer deducts.
Typical Take-Home (Rough Ranges)
For $50,000 CAD (single, Ontario): take-home is often around $3,400–$3,600/month.
For $60,000 CAD: about $4,000–$4,200/month.
Province and situation change the result.
Estimate Your Take-Home (2026)
Canada Tax Calculator – enter your salary and province →
Calculate your first paycheck in Canada →
Estimates are for 2026. Consult CRA or a tax professional for your situation.