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Will changing my RRSP deduction limit help me with my return at all?
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Seniors and students
The Canada Revenue Agency generally calculates your RRSP deduction limit which changes every year. You can find more information at the Canada Revenue Agency link here: How is your RRSP deduction limit determined?
Changing your RRSP contributions and deductions will help you with your return as seen in the screenshots below.
In TurboTax Online you will find The RRSP Optimizer which lets you see the effect that purchasing additional RRSPs would have on your tax return. You can find the RRSP Optimizer by going in your return in the left-hand-side menu under RRSPs then Get Started then RRSP Optimizer
In TurboTax CD/Download you will find the RRSP Wizard to help you determine your optimal RRSP contribution. You can find this tool by going in your return in the left-hand-side menu to RRSPS then to RRSP wizard.