See your available RRSP room and project how much your retirement savings could grow.
Your RRSP room equals 18% of your prior year earned income, up to the annual maximum. Unused room carries forward indefinitely. Your exact room is shown on your CRA Notice of Assessment — use this calculator to estimate it.
Projection assumes 8% average annual return, compounded annually. Actual returns will vary.
Your actual RRSP room is calculated by the CRA and shown on your Notice of Assessment. This calculator estimates based on your inputs. Always confirm before making a large contribution — over-contributions over the $2,000 lifetime buffer are penalized at 1%/month.
Open an RRSP at Wealthsimple with referral code NLX83A and get $25 after your first $100 deposit.
Open RRSP — Get $25 Free →| Tax Year | Annual Maximum | Rate | Deadline |
|---|---|---|---|
| 2021 | $27,830 | 18% of 2020 income | March 1, 2022 |
| 2022 | $29,210 | 18% of 2021 income | March 1, 2023 |
| 2023 | $30,780 | 18% of 2022 income | Feb 29, 2024 |
| 2024 | $31,560 | 18% of 2023 income | March 3, 2025 |
| 2025 | $32,490 | 18% of 2024 income | March 2, 2026 ◆ |
| 2026 (est.) | ~$33,800 | 18% of 2025 income | March 2, 2027 |
◆ 2025 RRSP deadline was March 2, 2026. Contributions made after this date count toward your 2026 return.