Calculate your available RRSP room, estimated tax refund, and how much your contribution will grow over time.
RRSP Contribution Deadline
To claim on your 2025 tax return: March 2, 2026
Enter your earned income above
Your RRSP contribution room will appear here instantly.
Your RRSP contribution room is calculated as 18% of your prior year's earned income, up to the annual dollar limit ($32,490 for 2025). Any unused room carries forward indefinitely — so if you've been under-contributing for years, you may have significant room built up.
Earned income for RRSP purposes includes employment income, self-employment income, net rental income, royalties, alimony received, and research grants. It does not include investment income (dividends, interest, capital gains), pension income, or OAS/CPP.
If you belong to a workplace pension plan (defined benefit or defined contribution), your RRSP room is reduced by a Pension Adjustment (PA) reported in Box 52 of your T4. This ensures Canadians with pension plans don't get a double benefit from both the pension and RRSP.
CRA allows a lifetime over-contribution buffer of $2,000 — no penalty applies within this buffer. Beyond $2,000, a 1% per month penalty applies to the excess amount. If you've over-contributed beyond the buffer, withdraw the excess immediately and file CRA Form T1-OVP.
The most accurate source is CRA My Account, which shows your current RRSP deduction limit. Your Notice of Assessment (NOA) from last year's tax return also shows your available room. The room shown reflects contributions made as of the NOA date — subtract any additional contributions made since then.
This calculator provides estimates based on CRA's RRSP contribution rules for 2024–2025. Actual room may differ based on pension adjustments, past-service pension adjustments, or other factors. Consult CRA My Account or a tax professional for your exact contribution room.