Canada
Canada RRSP & TFSA Calculator
Find your 2026 RRSP contribution room and TFSA limit, plus the tax savings an RRSP contribution creates.
📅 Last updated: July 2, 2026
· Reviewed by the MyCalcKit Editorial Team
How this calculator works
RRSP room is 18% of last year's earned income, capped at the annual dollar limit ($33,810 for 2026). Every dollar contributed to an RRSP is deducted from your taxable income, so the tax saved is roughly your contribution multiplied by your marginal tax rate. The TFSA limit for 2026 is a flat $7,000 for everyone, regardless of income, and any unused room carries forward indefinitely.
This shows your new room for the year, not your total accumulated unused room — check your CRA My Account for your actual available contribution room, which may be higher due to carry-forward from previous years. Source: CRA and Government of Canada, 2026 figures.