Tax · Ontario
RRSP calculator Ontario: 2026 tax refund
A $10,000 RRSP contribution returns about $2,251 at $60,000 of income and $3,058 at $100,000 in Ontario (2026 federal plus provincial tax). Each dollar you deduct saves the combined federal and provincial rate at the income it comes off, so the refund blends the rates across the slice you deduct. Your marginal rate at $60,000 is 29.65% and at $100,000 is 31.48%; a deduction that crosses a bracket edge saves less than the top rate times the amount.
Inputs
Your Ontario RRSP refund
Enter your details and press Calculate.
How the Ontario RRSP refund works
An RRSP contribution is a deduction, not a credit: it lowers your taxable income, and the tax you save is the federal plus Ontario tax on the income you no longer report. In other words the refund is the sum of your combined marginal rates over the slice of income you deduct, so it is at most your contribution times the marginal rate at the top of your income and is lower when the deduction crosses into a cheaper bracket. Enter the income you would otherwise be taxed on and the amount you will claim; the calculator prices the tax with and without the deduction using the 2026 federal and Ontario brackets.
Ontario adds a surtax on top of basic Ontario tax (20% of the amount above $5,818 plus a further 36% above $7,446 in 2026, per CRA T4127). The surtax starts to apply at about $94,901 of taxable income, which lifts the combined marginal rate from 29.65% to 31.48%. The Ontario Health Premium (up to $900) is charged on taxable income, so an RRSP deduction can trim it; this calculator includes that effect. Ontario Trillium Benefit and other credits are not modelled.
RRSP refund in Ontario at common incomes (2026)
Federal plus Ontario tax saved by deducting each contribution, computed with the same tables as the calculator above.
| Income | $2,000 contribution | $5,000 contribution | $10,000 contribution |
|---|---|---|---|
| $40,000 | $411 | $1,103 | $2,055* |
| $60,000 | $559 | $1,254 | $2,251 |
| $80,000 | $593 | $1,483 | $3,115 |
| $100,000 | $630 | $1,574 | $3,058 |
| $150,000 | $868 | $2,170 | $4,341 |
| $200,000 | $965 | $2,413 | $4,826 |
* Larger than 18% of that income, so it needs unused room from earlier years. Your real limit is on your CRA notice of assessment.
Ontario combined marginal tax rate, 2026
The combined federal and Ontario rate on your next dollar of taxable income, which is the share of an RRSP deduction that comes back. Each row is a range of taxable income where the combined rate is constant. Between 0 and the basic personal amounts the rate is lower because those amounts are tax free.
| Taxable income from | up to | Combined marginal rate |
|---|---|---|
| $0 | $12,989 | 0% |
| $12,989 | $16,452 | 5.05% |
| $16,452 | $53,891 | 19.05% |
| $53,891 | $58,523 | 23.15% |
| $58,523 | $94,901 | 29.65% |
| $94,901 | $107,785 | 31.48% |
| $107,785 | $111,809 | 33.89% |
| $111,809 | $117,045 | 37.91% |
| $117,045 | $150,000 | 43.41% |
| $150,000 | $181,440 | 44.97% |
| $181,440 | $220,000 | 48.26% |
| $220,000 | $258,482 | 49.82% |
| $258,482 | and over | 53.53% |
2026 tax brackets used
Ontario brackets
| Taxable income over | up to | Rate |
|---|---|---|
| $0 | $53,891 | 5.05% |
| $53,891 | $107,785 | 9.15% |
| $107,785 | $150,000 | 11.16% |
| $150,000 | $220,000 | 12.16% |
| $220,000 | and over | 13.16% |
Federal brackets
| Taxable income over | up to | Rate |
|---|---|---|
| $0 | $58,523 | 14% |
| $58,523 | $117,045 | 20.5% |
| $117,045 | $181,440 | 26% |
| $181,440 | $258,482 | 29% |
| $258,482 | and over | 33% |
The basic personal amount is $12,989 for Ontario and $16,452 federally (reduced above $181,440).
Not modelled: the Canada employment amount, CPP/EI credits, medical, donation and other credits, and income-tested benefits such as the Canada Child Benefit, which a lower net income can increase.
RRSP refund calculators for other provinces
- RRSP refund calculator British Columbia
- RRSP refund calculator Alberta
- RRSP refund calculator Quebec
- RRSP refund calculator Manitoba
- RRSP refund calculator Saskatchewan
- RRSP refund calculator Nova Scotia
- RRSP refund calculator New Brunswick
- RRSP refund calculator Newfoundland and Labrador
- RRSP refund calculator Prince Edward Island
Not in the list? Use the all-provinces RRSP refund calculator, which also covers the territories.
Sources
- CRA, T4127 Payroll Deductions Formulas, 122nd edition, effective January 1, 2026 (federal and provincial rates, basic personal amounts)
- CRA, MP, RRSP, DPSP, ALDA, TFSA, FHSA and YMPE limits (RRSP dollar limit $33,810 for 2026)
- CRA, How contributions affect your RRSP/PRPP deduction limit (18% rule, deadline)
Rates and limits are the published 2026 figures, retrieved October 2026.
Frequently asked questions
How much is a $10,000 RRSP refund in Ontario?
At $60,000 of income the refund is about $2,251, and at $100,000 about $3,058, using the 2026 federal and Ontario tax tables on this page. Your own refund depends on your taxable income and any other credits, so use the calculator above.
What is the Ontario RRSP deduction limit for 2026?
The 2026 RRSP dollar limit is $33,810 (CRA). Your own limit is 18% of your previous year's earned income up to that dollar limit, less any pension adjustment, plus unused room from earlier years. The exact figure is on your latest CRA notice of assessment. The limit does not vary by province.
What is the deadline to claim an RRSP refund for 2026?
Contributions made in the first 60 days of 2027 (until March 1, 2027) can be claimed on your 2026 return. Contributions made later in 2027 count for the 2027 return.
Does the Ontario Health Premium change my RRSP refund?
Yes, slightly. The premium is based on taxable income, so a deduction can move you down a step. This calculator subtracts the premium before and after the contribution. The steps are narrow bands (for example $48,000 to $48,600 and $72,000 to $72,600), so for most incomes the effect is zero.
Is this the same as the CRA's number?
No. It is an estimate from the published 2026 brackets and the basic personal amount only. Credits such as the Canada employment amount, CPP/EI credits, and income-tested benefits are not included, and the CRA assesses the final refund when you file.
Estimate only — not tax advice
This tool is an educational estimate from published 2026 tax tables. It does not check your contribution room, your pension adjustment or your actual tax return, and it is not tax, financial or legal advice. Confirm your figures with the CRA (My Account) or a qualified tax professional. We do not collect or store what you enter.