Personal Finance
RRSP Calculator Canada 2025 — Tax Refund & Retirement Value
Calculate your RRSP tax refund, contribution room, and projected value at retirement. Includes federal + provincial tax savings by province. Free Canadian RRSP calculator.
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Frequently Asked Questions
How much RRSP contribution room do I have in 2025?+
Your 2025 RRSP contribution room is 18% of your 2024 earned income, up to a maximum of $31,560, plus any unused room carried forward from previous years. You can find your exact room on your latest Notice of Assessment from the CRA or by logging into My Account on the CRA website.
How much tax do I get back from an RRSP contribution?+
Your RRSP refund is your contribution multiplied by your combined federal and provincial marginal tax rate. For example, if your marginal rate is 43% and you contribute $10,000, you'll receive approximately $4,300 back. The exact amount depends on your income level and province.
Can I use my RRSP to buy a home in Canada?+
Yes — the First Home Buyer's Plan (HBP) allows first-time buyers to withdraw up to $35,000 tax-free from their RRSP to purchase or build a qualifying home. The withdrawal must be repaid over 15 years. Couples can each withdraw $35,000 for a combined $70,000.
What is the RRSP deadline for 2025?+
To claim an RRSP deduction on your 2024 tax return, contributions must be made by March 3, 2025 (60 days after December 31, 2024). Contributions made after that date count toward your 2025 tax year.