RRSP vs. Canadian Mortgage Paydown Calculator

Its a common question. Should you pay down your mortgage or contribute more to your RRSP? Perhaps do both by contributing to your RRSP then using your tax refund to pay down your mortgage?

• Add an additional contribution amount to your RRSP, as well as the resulting tax refund.
• Add an additional contribution amount to pay down your mortgage faster.
• Add an additional contribution amount to your RRSP, with the resulting tax refund going to pay down your mortgage faster.