Do you want to compare paying down your mortgage vs. contributing to your RRSP? Or doing 'both' by contributing to your RRSP then using your tax refund to pay down your mortgage?

The mortgage vs. RRSP calculator calculates three different scenarios:

• An additional contribution is deposited to your RRSP, along with any tax refund.
  
• An additional contribution is used to pay down your mortgage faster.
  
• An additional contribution is deposited to your RRSP, with tax refund going to pay down your mortgage.

Current mortgage balance: $
Current monthly mortgage payments: $
Mortgage Interest Rate:	%
RRSP Interest Rate:	%
Years to display (1-99):
Additional new monthly contributions (this is the new additional amount that will either be applied to the mortgage or RRSP): $
Your marginal tax rate:	%

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