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RRSP Tax Savings Calculator (2026)

See the tax refund an RRSP contribution generates at your marginal rate — for any province — plus your estimated contribution room.

2026 rates — verified . Estimate based on income tax only (federal + provincial, basic personal amount). Excludes other credits. Verify with the CRA.
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Your taxable employment income.
How much you plan to contribute.
18% of income, capped at the 2026 limit.

Turn that refund into growth

Compare Canada's low-fee RRSP & investing accounts. (Affiliate placeholder.)

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How RRSP tax savings work

An RRSP contribution is deducted from your taxable income, so your saving equals the contribution times your marginal tax rate — the rate on your top dollars of income. Higher earners get a bigger refund per dollar contributed.

*Actual room includes carry-forward from past years and pension adjustments — check your CRA Notice of Assessment for the exact figure.

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