| PROVINCE | |
|
0
Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return. |
Marginal tax rate
32.00%
| Contribution Amount (maximum value $30,000) |
Contribution Amount
Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution.
|
| Taxable income | Tax savings |
After-tax amount |
||
| 1. |
0
|
$1,600 | $3,400 | |
| 2. |
0
|
$3,200 | $6,800 | |
| 3. |
0
|
$4,800 | $10,200 | |
RRSP contribution and tax savings
$16,000
$12,000
$8,000
$4,000
$0
Amount 1
Amount 2
Amount 3
| Tax savings | After-tax amount |
Assumptions
Calculations use marginal tax rates as of January 2019. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The RRSP contribution limit is $ for . Assumes RRSP contributions are fully deductible.
Disclaimer
RRSP Tax Savings
Use this calculator to estimate the tax savings on your RRSP contribution.
| Where do you live? | Alberta |
| Your taxable income: | $50,000 |
| Marginal tax rate: | 32.00% |
| Amount 1 | Amount 2 | Amount 3 | |
| Contribution amount | $6,000 | $10,000 | $15,000 |
| Tax savings | $1,600 | $3,200 | $4,800 |
| After-tax cost of contribution | $3,400 | $6,800 | $10,200 |
RRSP Contribution and Tax Savings
Assumptions
Calculations use marginal tax rates as of January 2019. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The RRSP contribution limit is $ for . Assumes RRSP contributions are fully deductible.
Disclaimer