How can I calculate my rrsp deduction limit without a notice of assessment?

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As per CRA, your RRSP Deduction Limit is calculated as the following:

• your unused deduction room at the end of the preceding year

Plus

• The lesser of the two following items:
  • 18% of your earned income in the previous year
  • the annual RRSP limit (for 2020, the annual limit is $27,230)
• That exceeds one of the following items:
  • your pension adjustments (PA)
  • a prescribed amount

Plus

• your pension adjustments reversal (PAR)

Minus

• your net past service pension adjustment (PSPA)

If you want to calculate your RRSP deduction limit yourself, see chart 3 of Guide T4040, RRSPs and Other Registered Plans for Retirement.

For further information please see:

How contributions affect your RRSP deduction limit

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