RRSP Contribution Calculator 2025

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Based on 2024 earned income • Calculates deduction limit • Shows tax savings

Your 2025 RRSP contribution limit is 18% of your 2024 earned income, up to $32,4900, plus any unused room carried forward. Use this calculator to find your exact limit and estimated tax refund.

RRSP Contribution Calculator

2024 Earned Income ($)

Unused RRSP Room Carried Forward ($)

Pension Adjustment (PA) from Employer ($)

Marginal Tax Rate (%)

How RRSP Contributions Work

RRSP contributions reduce your taxable income dollar-for-dollar. If you earn $80,000 and contribute $10,000, you only pay tax on $70,000. That typically generates a refund equal to your contribution times your marginal tax rate.

2025 RRSP Key Rules

Contribution limit: 18% of 2024 earned income, max $32,4900
Unused room carries forward indefinitely
Over-contribution limit: $2,000 lifetime buffer before penalties
RRSP matures at age 71 — must convert to RRIF or annuity
Spousal RRSP contributions allowed until your spouse turns 71

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Registered accounts overview Best TFSA accounts RRSP guide FHSA guide RESP guide TFSA contribution limits RRSP vs TFSA All Canadian bank bonuses

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