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Estimates only – not tax advice. For planning purposes only; does not replace professional advice or official CRA calculations. Full disclaimer
Your profile
Current marginal rate: 29.6%
e.g. 0.20 = 20%
RRSP contribution planner
Employment, self-employment, rental. NOT dividends or capital gains.
From your Notice of Assessment.
Result
New room generated (18% × earned income, max $32,490)$14,400
Carried forward room$0
Total available room$14,400
Tax deduction value at your marginal rate$2,965
Remaining room after contribution$4,400
Deadline: March 1, 2026 (deadline for the 2025 tax year).
Room sources: employment, self-employment, rental income only. Dividends and capital gains do not generate RRSP room.
Self-employed note: CCA claimed on T2125 reduces net SE income, which reduces future RRSP room. Weigh the trade-off when deciding how much CCA to claim.
Room sources: employment, self-employment, rental income only. Dividends and capital gains do not generate RRSP room.
Self-employed note: CCA claimed on T2125 reduces net SE income, which reduces future RRSP room. Weigh the trade-off when deciding how much CCA to claim.