Investment Calculators · Canada

RRSP growth.

Project your Registered Retirement Savings Plan balance and the tax refund you get back this year for every dollar contributed.

Inputs

$
$
2024 RRSP limit: $31,560 (or 18% of earned income).
$
%

At retirement

Fill the form and press Calculate.

About the RRSP

RRSP contributions are tax-deductible and the investments inside grow tax-deferred. Withdrawals are taxed as ordinary income, so the RRSP works best when you contribute in a high-income year and withdraw in a lower-income retirement year. Your marginal rate is estimated from your gross income and selected province.

Disclaimer

Educational only. RRSP limits change annually - always verify your personal contribution room with CRA. Marginal rates approximated using 2024 brackets.