Your savings depend on your marginal tax rate. For example, at a combined 33% rate, a $10,000 contribution saves ~$3,300. At 43%, you'd save ~$4,300. The calculator above uses exact 2025 brackets for precision.
The 2025 RRSP annual dollar limit is $32,490, or 18% of your 2024 earned income — whichever is lower. Any unused room from prior years carries forward. Check your CRA My Account or Notice of Assessment for your exact limit.
To claim on your 2025 return: 60 days after December 31, 2025 — March 1, 2026. Contributions made January 1 – March 1, 2026 can be applied to 2025 or 2026.
Yes. RRSP contributions reduce your net income used by both federal and provincial returns. You receive a refund based on your combined marginal rate — potentially over 50% at high incomes in provinces like Ontario, BC, or Nova Scotia.
They refer to the same thing: the maximum amount you can deduct. It includes this year's new room (18% of prior income, up to $32,490) plus any unused room carried forward from prior years. You can over-contribute by up to $2,000 lifetime without penalty — beyond that, CRA charges 1% per month.
💡 RRSP Quick Tips
✅ 2025 max: $32,490 or 18% of income
✅ Deadline: March 1, 2026
✅ Best for: High earners (marginal rate > 30%)
✅ RRSP grows tax-deferred until withdrawal
✅ Withdrawals taxed as income (plan for low-income retirement)