Canuity
RRSP Tax Refund Calculator

RRSP Tax Savings & Refund Calculator Contribution Room Calculator

Calculate your combined federal & provincial tax refund, marginal tax rate, and net out-of-pocket cost for the 2026 tax year.

Income & Contribution Details

Used to determine your combined federal and provincial marginal tax brackets.

Pre-tax employment / business
$
For 2026 tax year
$
From prior Notice of Assessment
$

Any room you didn't use in previous years carries forward indefinitely to increase your total contribution ceiling.

Tracking personal and employer group RRSP plans?

Use the Canuity RRSP Tracker to log deposits across Questrade, Wealthsimple, and Sun Life without bank credentials.

Explore RRSP Room Tracker

Statement of Tax Savings

Estimated 2026 RRSP Refund — Ontario

30.8% RETURN

Estimated Tax Refund

$3,080

Immediate tax savings on your $10,000 RRSP contribution.

Combined Marginal Tax Rate31.5%
Effective Refund Rate30.8%

Real Out-of-Pocket Cost

You contribute: $10,000Net cost: $6,920 (69.2%)
Net cost (69.2%)
Tax refund (30.8%)

2026 RRSP Room Generated

18% of earned income (2025)$15,300
$18,510 under 2026 cap
Contributing vs. Deducting

You do not have to claim your full RRSP deduction in the year you deposit. If you anticipate moving into a higher tax bracket in a future year, you can report the contribution on Schedule 7 now and defer claiming the deduction.

Never lose track of your room

Canuity lets you log personal and group RRSP contributions in one private dashboard.

Continuous Room Tracking

Want to keep your contribution room accurate over time?

This calculator gives you an instantaneous calculation. Canuity lets you log contributions and withdrawals across Wealthsimple, Questrade, and bank accounts with zero bank passwords and 100% browser-based privacy.

Start Tracking for Free

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