By April 5, 2013 Read More →

RRSP Tax Savings Calculator

Try the calculator below >

Your RRSP is one of the most effective tools available to help you save for retirement . This financial planning calculator lets you estimate the tax savings on your RRSP contribution.

The maximum you can contribute to your RRSP is the lower of 18% of your earned income in the previous year.

Your maximum allowable RRSP contribution for a year is stated on the Notice of Assessment for your tax return from the previous year’s tax return. The amount shown here will also include any unused RRSP contribution room you have accumulated in previous years.

 

See also: RRSP vs TFSA Infographic
See also: Canadian Retirement Infographic

 

Try some RRSP Tax Savings Calculations
Use this calculator to estimate the tax savings on your RRSP contribution. You can enter three different contribution amounts to compare the savings.

 

 

Comments are closed.

banner ad