Calculators > RRSP vs Mortgage Calculator
Are you trying to decide whether to increase your monthly mortgage payment, or contribute the extra monthly amount to an RRSP? Let our RRSP vs mortgage calculator help you make the decision. Although we use the term "mortgage", the calculator also works for regular loans.
See our article "Are you better off to pay down your mortgage, or contribute to an RRSP?"
The effective date of tax rates and credits used is stated in the calculator.
Printing the Calculator Results
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Tip: Unless your RRSP returns are going to be consistently higher than the rate on your mortgage or other loan, it is better to pay down your debt.
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Revised: March 17, 2022
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