Your Projection
Estimated RRSP at retirement $568,046
Total Contributions
$210,000
Investment Growth
$358,046
Est. Annual Tax Refund
$1,779
Based on your income, your marginal tax rate is approximately 29.6%. A $6,000 annual RRSP contribution could save you approximately $1,779 in taxes this year.
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For illustrative purposes only. Returns are not guaranteed. Tax estimates are approximate, based on simplified Ontario combined federal + provincial marginal rates. Actual contribution room is determined by CRA. Contributions must be made by December 31 of the year you turn 71.