Free tax tool
RRSP Calculator
Estimate how an RRSP contribution could reduce your taxable income and your taxes. This tool gives a helpful estimate for planning and tax-season decisions.
Your inputs
This is an estimate only. Actual tax impact depends on your full tax profile, deductions, credits, and province-specific rules.
Estimated results
Usable RRSP contribution
$10,000
Estimated tax savings
$2,415
Taxable income after contribution
$80,000
Remaining RRSP room
$10,000
Based on an estimated marginal tax rate of 24.1%, an RRSP contribution of $10,000 could reduce your taxes by about $2,415.