RRSP Calculator
Work out your 2026 RRSP contribution room, estimate the tax refund from your contribution, and project your savings to retirement
Your RRSP Details
Previous-year earned income sets your new 2026 room (18%, capped). Also used to estimate your marginal tax rate, assuming similar income in 2026.
From your latest CRA Notice of Assessment or CRA My Account. Enter 0 if you always max out.
An RRSP must be converted (usually to a RRIF) by the end of the year you turn 71.
Nominal return before inflation. Long-run balanced portfolios have historically returned roughly 5–7%.
2026 RRSP dollar limit: $33,810 (2025: $32,490). Limits as of June 2026, per CRA. Rates for the 2026 tax year, as of June 2026 (CRA federal indexation 2.0%; provincial figures per provincial budgets and indexation).
Results
New 2026 Room
18% of 2025 earned income, max $33,810
Total Available Room
New room + carry-forward
Estimated Tax Refund
$10,000 deducted at your ~29.6% combined marginal rate (Ontario)
Projected RRSP at Age 65
30 years of growth at 6%, contributing $10,000/year
Investment Growth
On top of $325,000 you put in
Estimates only. Your exact room is on your CRA Notice of Assessment (a pension adjustment from a workplace plan reduces it). The refund estimate applies a single marginal rate and ignores Ontario/PEI surtaxes and income-tested credits; a large deduction that drops you into a lower bracket will yield somewhat less.
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Frequently asked questions
How much can I contribute to my RRSP in 2026?
Your new 2026 room is 18% of your 2025 earned income, up to the CRA dollar limit of $33,810 (reached at about $187,833 of income). Add any unused room carried forward from previous years, and subtract any pension adjustment if you belong to a workplace pension plan. Your exact limit is on your latest Notice of Assessment and in CRA My Account.
How big a tax refund will an RRSP contribution generate?
Roughly your contribution multiplied by your combined federal + provincial marginal tax rate. For example, at $100,000 of income in Ontario in 2026 the combined marginal rate is about 30%, so a $10,000 contribution returns around $3,000. A very large contribution can drop you into a lower bracket, in which case the last dollars save less.
What happens if I contribute more than my RRSP limit?
You have a lifetime $2,000 over-contribution buffer with no penalty (but no deduction either). Beyond that, CRA charges a tax of 1% per month on the excess until you withdraw it or new room absorbs it.
When is the RRSP contribution deadline?
Contributions made during the year or in the first 60 days of the following year can be deducted on that year’s return — for the 2026 tax year, until about March 1, 2027. You can also contribute now and defer the deduction to a future, higher-income year.
Until what age can I keep an RRSP?
You must wind up your RRSP by December 31 of the year you turn 71 — usually by converting it to a RRIF (with mandatory minimum withdrawals) or buying an annuity. You can keep contributing until then as long as you have room, or to a spousal RRSP if your spouse is younger.