RRSP Limit
Calculate your RRSP contribution limit and tax savings.
| 2024 RRSP Contribution Limit |
2023 earned income (maximum value $1,000,000)
|
75,000
|
| 18% of earned income to maximum of $30,780 |
75,000
|
|
0
|
|
0
|
|
0
|
| 2024 RRSP Contribution Limit |
13,500
|
| RRSP Tax Savings |
| Alberta |
|
55,000
Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return. |
|
Contribution Amount
Contribution Amount
Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution. |
Tax Savings |
After-Tax Amount |
||
| 1. |
5,000
|
$1,600 | $3,400 | |
| 2. |
10,000
|
$3,200 | $6,800 | |
| 3. |
15,000
|
$4,800 | $10,200 | |
RRSP Contributions and Tax Savings
$16,000
$12,000
$8,000
$4,000
$0
Amount 1
Amount 2
Amount 3
| After-Tax Amount | Tax Savings |
Assumptions
Calculations use marginal tax rates as of . Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The RRSP contribution limit is $ for .
Disclaimer
Calculations use marginal tax rates as of . Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The RRSP contribution limit is $ for .
Disclaimer
