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🏠How much mortgage can I afford? 💰What tax bracket am I in? 🏖️How much do I need to retire? 📈How much TFSA room do I have? 🔑What income to buy a home? 📊How much will my investments grow?

What Income It Takes to Buy a Home in Canada

Housing affordability varies widely across Canada. Here's what you need to earn to buy a median-priced home.

Cities where buyers need the most income

Vancouver, BC

$237,000

Toronto, ON

$201,000

Victoria, BC

$169,000

Hamilton, ON

$148,000

Ottawa, ON

$134,000

Kelowna, BC

$131,000

Halifax, NS

$115,000

Calgary, AB

$111,000

Montreal, QC

$105,000

London, ON

$101,000

National

$109,000

Cities where buyers need the least income

Saint John, NB

$52,000

Thunder Bay, ON

$55,000

Saguenay, QC

$57,000

Sudbury, ON

$61,000

Regina, SK

$64,000

Winnipeg, MB

$67,000

Saskatoon, SK

$69,000

Quebec City, QC

$72,000

Edmonton, AB

$75,000

St. John's, NL

$78,000

National

$109,000

Income calculations are based on a median-priced home in each market, the average 5-year fixed mortgage rate (4.5%) and a 20% down payment. It assumes spending no more than 30% of annual gross income on housing costs, including property taxes and insurance. Source: CREA, Ratehub, and Statistics Canada data.

Calculate the income you need →

Canada Federal Income Tax Brackets (2026)

Canada uses a progressive tax system — only the portion of income inside each bracket is taxed at that bracket's rate. These are federal rates only — here's how the 2026 federal brackets break down.

14% up to $58,523

20.5% $58,523–$117,045

26% $117,045–$181,440

29% $181,440–$258,482

33% above $258,482

$50,000 taxable income 14.00% federal effective rate

$100,000 taxable income 16.70% federal effective rate

$150,000 taxable income 19.17% federal effective rate

These figures are federal tax only — they do not include provincial tax. Moving into a higher bracket only increases tax on the income above that threshold, not your whole salary. Check your province's brackets and add them to the federal rate for your true combined rate. See the full 2026 tax brackets guide for provincial rates.

Calculate your exact tax bracket →

Upcoming Government Benefit Payment Dates

CPP, OAS, GIS, and other federal benefits are deposited on fixed dates every month. Here's what's coming up next.

CPP / OAS / GIS August 27, 2026

Canada Child Benefit August 20, 2026

Ontario Trillium Benefit August 10, 2026

Receiving GIS along with your OAS? Use the GIS calculator to estimate your Guaranteed Income Supplement based on income and marital status.

See the full 2026 payment calendar →

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