2022 RRSP Contribution Limit

2021 earned income
0
18% of earned income to maximum of $$27,250
75,000
Minus 2021 pension adjustment
0
Minus 2021 past service pension adjustment
0
Plus unused RRSP limit for 2021
0
2022 RRSP contribution limit
13,500

RRSP Tax Savings

PROVINCE
Taxable income
55,000
Info
Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return.
Contribution Amount
Info
Contribution Amount
Enter 3 RRSP contribution amounts to compare the tax savings and after-tax amount for each contribution.
Taxable income Tax
savings
After-tax
amount
 1.
5,000
$1,600 $3,400
 2.
10,000
$3,200 $6,800
 3.
15,000
$4,800 $10,200
RRSP Contributions and Tax Savings
$16,000
$12,000
$8,000
$4,000
$0
Amount 1
Amount 2
Amount 3
After-tax amount
Tax savings
PDF

Assumptions
Calculations use marginal tax rates as of . Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The RRSP contribution limit is $ for .

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