Enter your starting CRA room
Find your room on your latest Notice of Assessment or CRA My Account. No bank logins, passwords, or account linking required.
Know your real RRSP room before you contribute.
Your workplace group plan and personal brokerages share a single CRA limit. Banks don't talk to each other, and CRA My Account updates months late. Canuity tracks both in real time so you can maximize your tax refund and avoid costly penalties.
Statement of Contribution RoomTax Year 2026
Available RRSP Deduction Room
$21,860
HEALTHY SAFE ZONE
• $2,000 CRA buffer intact
12% of deduction limit used$3,140 of $25,000
Sun LifeWorkplace Group RRSP (5% match)$2,140
WealthsimplePersonal RRSP$1,000
First 60 days deposits tagged for 2025 deduction:+$1,500.00
Sample preview. Your actual data stays private in your browser.
CRA 1% Monthly Penalty
Here's what 1% a month actually costs.
The CRA gives a $2,000 lifetime grace buffer, but anything beyond that incurs a 1% penalty every month. Go $3,000 over that buffer and miss it for four months (normal, since the CRA doesn't flag it until the following spring) and you owe $120, charged automatically with no warning first.
CRA Penalty Calculation Example
Amount over $2,000 buffer$3,000
CRA monthly penalty rate1% / month
Months unnoticed× 4 months
Owed to CRA$120.00
Miss it for a year and you owe $360.
RRSP Blindspots
The two traps where Canadians lose RRSP room.
Banks don't talk to your employer, and Notice of Assessment letters can be misleading if you don't know what to look for.
TRAP 01
Workplace Match vs. Personal RRSP
Payroll deductions into a workplace Group RRSP (Sun Life, Manulife, Canada Life) and deposits to Wealthsimple or your bank share the exact same CRA ceiling. Neither warns the other when you approach your limit.
TRAP 02
Notice of Assessment Line A vs. Line B
Line A shows your maximum tax deduction. But if you have unused prior contributions (Line B), your actual deposit room is Line A minus Line B. Depositing Line A without subtracting Line B causes an instant overcontribution.
How Canuity Protects You
Always know your exact room. Zero bank logins.
Canuity never asks for your banking credentials or SIN. Just enter your starting room from your CRA Notice of Assessment once, log your payroll match and personal deposits, and Canuity keeps your running room accurate in real time.
All records stay saved directly in your browser. There is nothing to breach because no account data ever touches an external server.
All Your Accounts in One Place✓ COMBINED
Track Sun Life, Manulife, Wealthsimple, Questrade, and your bank together under one CRA ceiling.
First 60 Days Tagging✓ AUTOMATIC
Deposits in January and February are tagged so you know exactly which tax year to claim them on.
$2,000 CRA Buffer Gauge✓ PROTECTED
Visual indicator warns you before you eat into your $2,000 lifetime grace cushion.
No Bank Passwords NeededNEVER REQUIRED
Everything stays on your device. Zero bank sync, zero cloud databases, and zero tracking.
Interactive Worksheet
Estimate your 2026 tax refund & new room.
Calculate the new room you earn this year (18% of income, up to $33,810) and see your estimated tax refund in seconds.
Schedule A · Income & Contribution Parameters
Determines your combined federal and provincial tax brackets.
Your gross annual income before deductions.
$
The total amount you plan to deposit and deduct this tax year.
$
From Line A on your latest Notice of Assessment, if known.
$
Includes the official 2026 statutory cap of $33,810.
Schedule B · Calculation Total
Estimated CRA Tax Refund
$3,080
31.5% MARGINAL BRACKET
A $10,000 contribution only costs you $6,920 out-of-pocket after refund.
You pay: $6,920 (69.2%)Refund: $3,080 (30.8%)
2026 New Room (18% of income)$15,300
Total Available Room$15,300
How it works
Three steps. Then a number you can actually trust.
Enter your room from the CRA, record deposits or withdrawals as you make them, and let Canuity handle the rest.
Log deposits and withdrawals
Record deposits and withdrawals across any bank or brokerage. Withdrawals are automatically tracked and added back on Jan 1.
Check room before you transfer
Check your available room in seconds and get warned before a deposit triggers the CRA 1%/month penalty.
Compare With Others
Why Canadians track RRSP room here instead.
CRA My Account is often months out of date, banks don't know what you hold elsewhere, and spreadsheets take hours to build.
| Feature & Capability | Canuity Tracker | CRA My Account | Excel / Spreadsheets |
|---|---|---|---|
| Track all accounts in one placeCombine balances across Wealthsimple, Questrade, and banks | One real-time total | Out of date for months | Requires manual upkeep |
| Automatic Jan 1 withdrawal resetAdds withdrawn amounts back to your room on January 1 | Restored automatically on Jan 1 | Doesn't track until tax season | Formula must be built |
| 1%/month overcontribution warningProactive alert before transfers trigger CRA fines | Warns before transfer | Penalty letter sent after fact | No automatic warnings |
| Privacy & banking credentialsZero risk of financial credential leaks | No bank login required | CRA credentials needed | Depends on storage |
| Starting room from CRA noticeStart with the official number on your Notice of Assessment | Simple one-time setup | Historical view only | Manual calculation |
| 100% browser-local storageYour account balances never touch our servers | In your browser only | CRA database | Depends on cloud provider |
Official CRA Knowledge & Guidance
Need the complete breakdown of RRSP rules & Notice of Assessment?
Learn how to read your CRA Notice of Assessment, master the first 60 days deduction rule, and handle Home Buyers' Plan (HBP) repayments.
Frequently Asked Questions
Questions about RRSP rules & Canuity.
Everything you need to know about deduction limits, Notice of Assessment Line A vs. Line B, first 60 days deposits, and privacy.
Private & Local-First
Take control of your RRSP room today.
Free, private, and runs entirely in your browser. No bank logins, no passwords, and no surprise CRA penalties.