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RRSP Tax Savings Calculator

Contributing to an RRSP cuts your tax bill today, while building your retirement nest egg for tomorrow. Use this calculator to find out how much you'll save on your taxes this year by contributing.

Definitions

Taxable Income
Your taxable income figure is your income subject to taxes after all deductions (see line 260 on your tax return)

Assumptions

The calculator assumes you have sufficient RRSP deduction room available to claim the full contribution.

This calculation is based on tax rates for 2001.

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