Calculator / RRSP

Estimate the tax effect before you contribute.

Compare estimated income tax before and after a proposed RRSP deduction.

RRSP tax savings

Compare tax before and after.

Calculated on your device

Use a deduction within your available RRSP room. Quebec is not supported. This simplified comparison excludes CPP/EI credits and most personal credits; savings are not a guaranteed refund.

Tax yearProvince or territoryAnnual employment incomeCADProposed RRSP deductionCAD

Estimated tax savings

$1,482.50

Modeled deduction: $5,000.00. Approximately $296.50 saved per $1,000 deducted.

Tax before deduction: $17,145.95
Tax after deduction: $15,663.45
Effective savings rate: 29.6%