RRSP & TFSA Limits

RRSP Annual Limits*
2018 $26,230
2019 $26,500
2020 $27,230
2021 $27,830
2022 Not yet set

*The maximum RRSP contribution is restricted to 18% of the prior year’s earned income, minus any prior year’s Pension Adjustment, minus any current year’s Past Service Pension Adjustment, plus any current year’s Pension Adjustment Reversal.

 

TFSA Annual Limits TFSA Cumulative Totals
2009-2012 $5,000 $20,000
2013 $5,500 $25,500
2014 $5,500 $31,000
2015 $10,000 $41,000
2016 $5,500 $46,500
2017 $5,500 $52,000
2018 $5,500 $57,500
2019 $6,000 $63,500
2020 $6,000 $69,500

**The TFSA (Tax-Free Savings Account) started in 2009. Each calendar year, you can contribute up to the TFSA dollar limit for the year, plus any unused TFSA contribution room from the previous year, and the amount you withdrew the year before.

(Note: All posted rates are subject to change by Canada Revenue Agency or other government departments that are responsible for them.)