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RRSP Calculator 2025

Calculate your RRSP contribution room and estimated tax savings

Year & Income

Employment, self-employment, or rental income

Adjustments (Optional)

From T4 box 52 (workplace pension)

From prior Notice of Assessment

Max RRSP Contribution
2025
—

RRSP Calculation

Annual Dollar Limit (2025)—
18% of Prior Year Income—
Lesser of limit vs 18%—
Maximum Contribution—
Estimated Federal Tax Savings—

RRSP vs TFSA Comparison

TFSA Annual Limit (2025)$7,000
Cumulative TFSA Room (since 2009)$102,000
RRSP: Pre-tax contribution. Tax-deferred growth. Taxable on withdrawal. Best if you're in a high bracket now and expect lower income in retirement.

TFSA: After-tax contribution. Tax-free growth. Tax-free withdrawal. Best for flexibility — no income impact on OAS/GIS/EI clawbacks.

Historical RRSP Limits

YearDollar Limit
2025$32,490
2024$31,560
2023$30,780
2022$29,210
2021$27,830
2020$27,230

Not Sure How Much to Contribute?

A tax advisor can help you optimize RRSP vs TFSA contributions based on your income, bracket, and retirement goals.

Book a Tax Session →