🇨🇦 RRSP: Calculator

Estimate your Canadian RRSP contribution room, tax savings, and growth.

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2026 RRSP CONTRIBUTION ROOM
$0
18% of earned income, capped at $33,810
Estimated Tax Savings
$0
Value After Growth
$0

How RRSP Contribution Room Is Calculated

A Registered Retirement Savings Plan (RRSP) is a tax-advantaged Canadian retirement account. Your annual contribution room is 18% of your prior year's earned income, up to an annual dollar limit set by the CRA — whichever is lower — plus any unused room carried forward from previous years.

2026 RRSP Room = min(18% × Prior-Year Earned Income, $33,810) + Unused Carryforward Room
Tax Savings (approx.) = Contribution × Marginal Tax Rate

Why Unused Room Carries Forward

Unlike some retirement accounts, RRSP contribution room that you don't use doesn't expire — it carries forward indefinitely, which is why many Canadians accumulate large amounts of unused room over their careers. Your Notice of Assessment from the CRA shows your exact accumulated room.

RRSP vs. TFSA

RRSP contributions are tax-deductible now (reducing your taxable income the year you contribute) but withdrawals are taxed as income in retirement. A TFSA works the opposite way — no upfront deduction, but withdrawals are entirely tax-free. Many Canadians use both.

📎 Related Tools: TFSA Calculator CPP Calculator Retirement Calculator Compound Interest Calculator

❓ Frequently Asked Questions

How much can I contribute to my RRSP in 2026?
For 2026, your RRSP contribution room is 18% of your 2025 earned income, up to a maximum of $33,810, plus any unused contribution room carried forward from previous years.
Does unused RRSP room expire?
No. Unused RRSP contribution room carries forward indefinitely until you use it, unlike the annual limit itself, which doesn't roll over as a separate concept — it just adds to your cumulative available room.
Where can I find my exact RRSP contribution room?
Your Notice of Assessment (NOA) from the Canada Revenue Agency, sent after you file your taxes each year, shows your exact RRSP deduction limit for the current year, or you can check your CRA My Account online.
What counts as earned income for RRSP purposes?
Earned income generally includes employment income, self-employment income, and net rental income, but excludes investment income like dividends, capital gains, and interest — those don't generate RRSP room.
Is an RRSP contribution the same as a tax refund?
Not exactly. Contributing reduces your taxable income, which typically reduces the tax you owe or increases your refund by roughly your contribution multiplied by your marginal tax rate — the actual refund depends on your full tax return.

🏆 About This Tool — Accuracy & Trust

🔒 Data Privacy: All calculations run entirely within your browser using JavaScript. Nothing you enter here is ever transmitted to our servers, stored, sold, or shared.

📐 Accuracy Note: This tool uses standard, widely published formulas and guidelines. Results are estimates for informational purposes; for financial, medical, or engineering decisions, consult a licensed professional.

📅 Last Updated: September 2026.