RRSP reduces taxable income
RRSP reduces taxable income
RRSP deadline is approaching.
Contributions before March 2 may help reduce your taxes.
Estimate your RRSP savings.
RRSP — Tax Refund & Retirement Impact Calculator
Quick estimate for your RRSP contribution: refund today + net value at retirement. One-page tool
Inputs
Use your approximate combined federal + provincial marginal rate.
Expected average tax rate when you withdraw in retirement.
Reinvesting is where the “free turbo” usually happens.
Disclaimer: Estimates only. This tool uses simplified assumptions and does not account for contribution room, exact tax brackets,
fees, inflation, or individual circumstances. Not tax or legal advice.
Results
Tip: Reinvesting the refund usually wins.Estimated tax refund (this year)
$—
Contribution × marginal tax rate
RRSP future value (before tax)
$—
Compounded for your timeline
RRSP net value (after withdrawal tax)
$—
FV × (1 − withdrawal tax rate)
Total outcome (net)
$—
Includes refund handling choice
Enter your numbers and click Calculate.
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Want it connected to your existing FHSA/TFSA/RRSP comparison tool? We can cross-link after results.
No obligation. Just clarity.
IA Promo – Until March 2, 2026