RRSP Calculator Canada
Project contributions, growth, and a simplified after-tax value for your Canadian RRSP.
Build an RRSP planning scenario
- Enter your current age and planned retirement age.
- Add your existing balance and annual contribution.
- Choose a long-term return assumption.
- Compare your current marginal tax rate with an assumed rate on future withdrawals.
The result separates contributions, investment growth, estimated withdrawal tax, and a simplified after-tax value.
Your personal contribution room controls
The general RRSP dollar maximum is not an automatic personal allowance. Use the contribution room shown in your CRA account or Notice of Assessment. Unused room can carry forward, while employer plans and earlier contributions can change the amount available.
A deduction now and taxable withdrawals later
An eligible contribution may reduce taxable income for the deduction year. Growth inside an RRSP is tax-deferred, while withdrawals are generally included in income. The calculator applies your chosen retirement tax-rate scenario but does not determine a future tax return.
RRSP rules outside this projection
Employer plans, pension adjustments, the Home Buyers’ Plan, the Lifelong Learning Plan, withdrawal withholding, RRIF minimum withdrawals, and overcontribution rules are not tested automatically. Inflation, fees, and variable investment returns are also outside the model.