Financial Tools
RRSP Calculator
See an illustration of how your Registered Retirement Savings Plan could grow, and how tax-deferred compounding works over time.
An RRSP lets contributions grow tax-deferred until withdrawal, and contributions may also reduce taxable income in the year they're made, depending on your situation. This calculator estimates long-term growth only — it does not calculate your specific tax refund or contribution room.
Your RRSP Numbers
How This Is Calculated
The estimate compounds your current balance and monthly contributions at your assumed annual return, compounded monthly, for the number of years you enter — the same growth math as a TFSA. The difference between a TFSA and an RRSP is mainly tax treatment: RRSP contributions can defer tax today, and withdrawals are taxed as income later, while a TFSA is funded with after-tax dollars and withdrawals are never taxed. This tool does not model that tax difference — it only illustrates account growth.
Assumptions
- Returns are assumed to be constant every year, which real markets never do.
- Contributions are assumed to happen consistently every month.
- No fees, withholding taxes on withdrawal, or tax-bracket effects are factored in.
- This does not check your actual available RRSP contribution room.
Illustration only. Actual investment results will vary. This tool is for educational and illustrative purposes only and does not represent financial, investment, tax, or legal advice.
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Want to see how this fits your whole plan?
An RRSP estimate is one piece of the picture. A short conversation can connect it to your TFSA, debt, protection, and retirement goals.
Related: TFSA Calculator · Retirement Calculator · Retirement & Investment Planning