RRSP Newcomer Limit Calculator

Check your allowed RRSP deduction limit and evaluate over-contribution penalties.

⚠️ The Newcomer $0 Limit Trap:Your RRSP room is calculated based on 18% of your previous calendar year's Canadian earned income. If this is your first year landing in Canada (e.g. 2026), your current RRSP contribution room is exactly $0. Any contribution made in your first year (beyond the lifetime $2,000 over-contribution buffer) will trigger a 1% per month penalty tax by the CRA.

Contribution Profile

Select Contribution Tax Year

Proposed RRSP Contribution ($ CAD)

Limit Assessment

Run Calculation

Provide your contribution profile details on the left and click Calculate RRSP Limits.