Rrsp Contribution Rates 2024. 9 rows rrsp contributions reduce your annual taxable income. Use the rrsp tax refund calculator to find out your marginal tax rate, based on your province of residence, and determine how much tax savings your annual rrsp contribution will generate.

Your individual contribution limit is 18% of your earned income from the previous tax year, or the annual maximum set by the government—whichever is less. The canada revenue agency (cra) has set the rrsp contribution limit for 2024 as 18% of your earned income in 2023, up to a maximum of $31,560.