SERVICES
Registered Retirement Savings Plan (RRSP)
A deduction now, tax-sheltered growth in between, and taxable income when you draw it. Built for the long haul — and for turning a high-earning year into a refund.
RRSP CALCULATOR
What will a contribution refund you?
Your refund depends on the bracket the contribution comes off the top of, so the same $5,000 is worth very different amounts to different people.
Your tax, with and without the contribution
This is an estimate for planning purposes, not a quote, a benefit statement or financial advice. It does not account for every credit, fee, deduction or personal circumstance. Uses 2026 federal and provincial brackets and the basic personal amount only. It excludes other credits, the Ontario health premium, and any employer pension adjustment, so your real refund will differ. Think Insurance Services Inc. is a licensed insurance agency; for advice specific to you, speak to an advisor.
These numbers are a starting point. Talk to an advisor about your own situation.
Talk to an AdvisorWHAT YOU GET
What this account gives you
Tax-deductible
Contributions lower your yearly income tax bill.
Tax-deferred growth
Your investments grow faster because the government doesn’t take a cut until you retire.
Long-term focus
Perfect for building a high-value nest egg for your senior years.
Common questions
What happens if I withdraw money from my RRSP early?
Unlike a TFSA, RRSP withdrawals are considered taxable income, and you will lose that contribution room forever. That’s why we help you plan your withdrawals strategically to minimize the tax hit.
Is there a limit to how much I can contribute?
Yes. The limit is a share of last year’s earned income up to an annual dollar cap, and unused room carries forward. We help you track your contribution room so you can maximize your savings without facing over-contribution penalties.
Should I use an RRSP or a TFSA?
Most successful Canadians use both. We often recommend the RRSP for long-term retirement and the TFSA as a flexible backup or for major life purchases — which one goes first usually comes down to the tax bracket you are in now versus the one you expect in retirement.
Looking at a TFSA instead?
Most people end up with both. Tell us what you are saving for and we will say which one goes first.