An RRSP contribution by itself will not impact your tax refund, but including an RRSP deduction could possibly increase a tax refund. To find out how, please review our TurboTax article included below.
RRSPs and Your Tax Return: The Bottom Line
TurboTax’s built-in RRSP Optimizer makes it easy to see how different RRSP contributions amounts can increase your tax refund or reduce your tax owing as explained in this next TurboTax article.
Make Tax Preparation Easier With TurboTax’s RRSP Optimizer