RRSP vs TFSA, RESP education savings, CPP timing, FHSA for first-time buyers, and debt payoff strategies — all with Canadian tax brackets built in.
More Calculators
Your current marginal rate is higher than your expected retirement rate — RRSP gives you a bigger tax benefit.
Current Marginal Rate
29.65%
Tax saved per RRSP dollar contributed
Retirement Marginal Rate
20.05%
Tax paid per RRSP dollar withdrawn
RRSP Path
TFSA Path
Pro Tip: Do Both!
If you have room, contribute to both. Max the TFSA first if your retirement rate may be higher. Max the RRSP first if you need the tax refund now and expect lower retirement income.