Canada RRSP Tax Calculator
RRSP contributions reduce your taxable income, so they save tax at your marginal rate. See your maximum deduction and the saving.
How to use it
- Enter your salary. And pick your province for the right marginal rate.
- Add a contribution (optional). Or leave blank to see the maximum deductible.
- See the tax saved. PayGlance shows the deduction limit, tax saved and net cost.
FAQs
What is the RRSP limit?
The lesser of 18% of your earned income and the annual dollar limit (about C$32,490 for 2025, rising for 2026). Unused room carries forward.
How does RRSP save tax?
Contributions reduce taxable income for both federal and provincial tax - they do not reduce CPP or EI.