Quebec · RRSP withdrawal tax
Quebec RRSP Withdrawal Tax Calculator 2026
Estimate the withholding tax and potential final tax impact of an RRSP withdrawal in Quebec. The calculator uses federal and applicable provincial or territorial income tax rules.
Quick Answer
How is an RRSP withdrawal taxed in Quebec?
An RRSP withdrawal is generally included in taxable income. The amount withheld at withdrawal can differ from the final tax owing because your total income and the federal and Quebec tax rules that apply to you affect the final result.
Estimated result
Enter your information and calculate your RRSP withdrawal to see the estimated withholding tax and annual tax impact.
RRSP withdrawal withholding tax rates
Financial institutions generally withhold tax when money is withdrawn from an RRSP. This withholding is a prepayment of income tax, not necessarily the final amount of tax on the withdrawal in Quebec.
1
You make a withdrawal
You choose the gross amount you want to withdraw from your RRSP. The withdrawal is generally added to your taxable income for the year.
2
Tax is withheld at source
Your financial institution withholds part of the withdrawal as a prepayment of income tax and pays you the remaining amount.
3
Your final tax is determined
When you file your income tax return, the RRSP withdrawal is added to your other income. The tax actually attributable to the withdrawal may therefore be higher or lower than the amount already withheld.
Withholding tax vs. final tax: what's the difference?
The final tax impact depends on your total taxable income for the year and the federal and Quebec income tax rules that apply. The amount withheld can therefore be lower or higher than the final tax attributable to the withdrawal.
Withholding tax is not your final tax
This calculator provides an estimate based on the federal and Quebec tax rules modeled by Frontiers Finance. Actual tax can differ because of credits, deductions, other income, withholding treatment and individual circumstances.
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