RRSP Limit

Calculate your RRSP contribution limit and tax savings.

2021 RRSP Contribution Limit

2020 earned income
75,000
18% of earned income to maximum of $$27,250
75,000
Minus 2020 pension adjustment
0
Minus 2020 past service pension adjustment
0
Plus unused RRSP limit for 2020
0
2021 RRSP Contribution Limit
13,500

RRSP Tax Savings

Alberta
Taxable income
55,000
Info
Taxable Income

Enter the taxable income amount from line 260 of your personal income tax return.
Contribution Amount
Info
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


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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 .

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