• RRSP Benefits
• RRSP Savings
• RRSP Types
• RRSP Deduction Limit

Calculation of RRSP Deduction Limit 

Use Your Figures for the Prior Year:

Total employment earnings*                                                            $                     

Minus:

Union or professional dues claimed                       $                     

Employment expenses claimed                              (                       ) (                     ) $                   

Plus:

C.P.P. disability benefits                                                                                                                 

Net income from self-employment                                                                                                 

Net rental income from real estate                                                                                                 

Taxable alimony or maintenance payments received                                                                  

Royalties of an author or inventor                                                                                                   

Net research grants received                                                                                                         

Subtotal                                                                                                                                             

Minus:

Current year loss from self-employment                                                                                        

Current year rental loss from real estate                                                                                       

Deductible alimony or maintenance payments paid                                                                    

YOUR EARNED INCOME FOR PRIOR YEAR                                                    $                   

MAXIMUM RRSP DEDUCTION BASED ON EARNED INCOME

Lesser of 18% of above earned income or

Maximum amount for current year (see RRSP FAQ Section under
maximum deduction for the year)**                                                               $                   

Minus:

Your pension adjustment (PA) and net past service
pension adjustment (PSPA) (see RRSP FAQ Section under
maximum deduction for the year)                                                                            (                    ) 

Plus:

Your pension adjustment reversal (PAR) (see RRSP FAQ Section
under maximum deduction for the year)                                                                   $                   

YOUR RRSP DEDUCTION LIMIT FOR CURRENT YEAR                               $                   

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