Question: how much money do i get back from rrsp contributions?
Answer: The higher your income and the more money you put away in an RRSP, the lower your income taxes will be. You can expect to get 20% to 50% of your RRSP contributions back as an income tax refund. So if you put $1,000 in an RRSP, you'll get an income tax refund of $200 to $500 because of those contributions.