How RRSP refunds work
An RRSP contribution can reduce taxable income, which may lower the income tax payable on your return.
Finance Calculators
RRSP Refund Estimator
Estimate the potential tax refund impact of an RRSP contribution using simplified federal and provincial tax brackets.
Basics
Marginal tax rate explained
The refund impact is usually tied to the tax rate on the last dollars of income deducted.
RRSP room matters
Always check your official RRSP deduction limit before contributing.
Frequently asked questions
Does this check my RRSP room?+
No. Confirm your official RRSP deduction limit in your CRA account or notice of assessment.
Will I always get a refund?+
Not necessarily. The result depends on taxes already withheld and your full return.