RRSP Calculator 2026
Your tax savings
$1,159.27
Your contribution really costs $3,840.73
| Income tax without the RRSP | $7,969.59 |
|---|---|
| Income tax with the RRSP | $6,810.32 |
| Savings as a share of your contribution | 23.2% |
| Your marginal tax rate before contributing | 28.5% |
| New RRSP room you earn for 2027 | $10,800.00 |
This is the income tax rate only. Income-tested benefits (the Canada Child Benefit, the Groceries and Essentials Benefit, the OAS clawback and others) can make the real saving larger.
Your bracket sweet spot
The first $912 you deduct saves 28.5%; after that, 22%. Part of your $5,000 is past that point, so it saves less.
Without your deduction limit, this shows your whole bracket. You can only deduct up to your RRSP deduction limit, so enter it above to see your own range.
- $0 to $912: saves 28.5% ($259.91)
- $912 to $32,891: saves 22% ($7,035.38)
- $32,891 to $37,707: saves 14% ($674.27)
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