2023 RRSP Contribution Limit |
2022 earned income
75,000
|
18% of earned income to maximum of $30,780 |
75,000
|
0
|
0
|
0
|
2023 RRSP Contribution Limit |
13,500
|
RRSP Tax Savings |
Alberta |
55,000
|
Contribution Amount | 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