RRSP Contribution Calculator: How Much You Keep After Tax (Canada 2026)
How does an RRSP contribution affect your take-home pay? See the tax savings and net impact. Use our Canada tax calculator to plan your RRSP.
RRSP Contribution Calculator: How Much You Keep After Tax (Canada 2026)
RRSP contributions are tax-deductible: they reduce your taxable income, so you pay less federal and provincial tax. Here’s how that affects your take-home and how to see the numbers.
How RRSP Affects Your Taxes
- You deduct RRSP contributions from your income when you file your return (or claim them on a T1213 for reduced withholding).
- So a $5,000 RRSP contribution can save you $1,500–$2,000+ in tax (depending on province and bracket), meaning the "cost" to your after-tax cash is less than $5,000.
Estimate Your Tax and Take-Home (2026)
To see how much tax you pay with or without an RRSP, you need your marginal rate. Our Canada calculator shows your federal and provincial tax by income.
Canada Tax Calculator – see your tax by income and province →
Enter your salary and province to see total tax. Use that to estimate the tax savings from an RRSP contribution (contribution × marginal rate ≈ savings).
Calculate your Canadian tax and plan RRSP →
*Rules are for 2026. Consult CRA or a financial advisor for RRSP and retirement planning.*