Finance tool
RRSP calculator
If you invest $X monthly at Y% return, see your RRSP balance in 25 years — with 2026 contribution limits.
Interactive tool
RRSP growth calculator
Tax-deferred growth and contribution room — withdrawals are taxed, not tax-free.
Projected RRSP value
$397,839
After 25 years at 8% return — tax-deferred, not tax-free
Total contributions
$125,000
Investment growth
$272,839
2026 contribution room
$13,500
Within available room ($13,500).
RRSP is not tax-free. Contributions lower tax today, but withdrawals are taxed as income — including your growth.
Estimated annual tax deduction benefit: $1,440 at 30% marginal rate on contributions.
Illustrative projection only. Returns are not guaranteed. Contribution room is estimated — confirm on CRA My Account.
The problem
RRSP room and growth are two different questions
You might have $16,200 of room from 18% of last year’s income — or the full $33,810 cap. Over-contributing beyond $2,000 triggers CRA penalties.
At the same time, small monthly contributions compound dramatically over decades — but only if you start.
How Calqio helps
Compound growth plus room check
Enter starting balance, monthly contribution, return rate (default 8%), and years (default 25). Advanced options estimate contribution room from prior-year income.
See projected balance, total growth, and estimated tax refund at your marginal rate.
Real example
Example: $5,000 start + $400/month for 25 years at 8%
Starting with $5,000 and contributing $400 monthly at 8% average return projects to roughly $400,000+ — with about $125,000 of your own contributions and the rest from compound growth.
Actual returns vary. The chart shows how contributions vs growth split over time.
Common questions
- What is the RRSP contribution limit for 2026?
- The dollar cap is $33,810. Your personal room is the lesser of 18% of prior-year earned income or that cap, plus unused room.
- Why is 8% the default return rate?
- Long-term balanced portfolios have historically averaged 7–10% before inflation. Adjust the slider to model conservative or optimistic scenarios.
- Do RRSP contributions reduce taxes?
- Yes — contributions are deductible from taxable income. Withdrawals in retirement are taxed as income.
- RRSP vs TFSA — which first?
- RRSPs help when your marginal rate is high now and lower in retirement. TFSAs offer tax-free growth and flexible withdrawals.