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Sales Tax States, to calculate sales tax of US States, city and zip code.

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RRSP contribution limit calculator on 2016 income

Calculate the maximum amount that will be deductable from your RRSP for your 2016 revenu in Canada

: - + + - =

How is your RRSP limit calculated

Earned income x (Maximum rate allowable for RRSP (18) /100) = Maximum amount deductible RRSP

Take the lower of the previous calculation and RRSP deductible limit for 2017

Maximum amount deductible RRSP - Pension adjustment (PA) 2016 + Pension Adjustment Reversal (PAR) for 2017 + 2016 unused RRSP amount deductions - Past services Pension adjustment for 2017 (PSPA) Net = Maximum Final amount (limit) deductible RRSP

Calculation exemple

Earned income= 40 000$, Unused RRSP amount = 3500$, PA = 250$, PAR=500$, PSPA = 300$

40 000$ x (18/100) = 7 200$

7 200$ - 250 + 500 + 3500$ - 300$ = 10 650$

Earned income

Earned income is the result of several calculations on your return for 2016 income.
It excluded retirement benefits, pensions, amounts received from an RRSP or RRIF and several other sources of income.

Small summary of earned income

Amounts to include Amounts to exclude
Employment income (line 101 and 104) Employment Expenses (line 229)
Disability benefits received CPP or QPP (line 152) Union and professional dues to the employment income (line 212)
Net business income (line 135 to 153) Business loss (line 135 to 153)
Net rental income from one or several well (s) building (s) for the current year (line 126) Rental loss of one or several well (s) building (s) for the current year (line 126)
Taxable support payments received during the taxable year (line 128) Taxable support payments previously paid during the taxable year (line 220)

For more detail on earned income, visit Calculate the RRSP limit on the website of the government of Canada

RRSP deductible limit

Year Deductible limit of RRSP
2017 26 010 $
2016 25 370 $
2015 24 930 $
2014 24 270 $
2013 23 820 $
2012 22 970 $
2011 22 450 $
2010 22 000 $
2009 21 000 $
2008 20 000 $
2007 19 000 $
2006 18 000 $
2005 16 500 $
2004 15 500 $
2003 14 500 $
2002 13 500 $
2001 13 500 $
2000 13 500 $
1999 13 500 $
1998 13 500 $
1997 13 500 $
1996 13 500 $
1995 14 500 $
1994 13 500 $
1993 12 500 $
1992 12 500 $
1991 11 500 $

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