REGISTERED RETIREMENT SAVINGS PLAN CONTRIBUTION LIMITS

 

2018

2019

2020

2021

2022

Maximum contribution
$26,230
$26,500
$27,230
$27,830
$29,210
Earned income required in the prior year1
$145,722
$147,222
$151,278
$154,611
$162,278

1RRSP contribution room for a year is equal to unused contribution room from prior years plus the lesser of (a) 18% of the previous year's earned income and (b) the current year's maximum contribution limit. The maximum contribution limit is reached when the previous year's earned income equals the amount above.

Common inclusions of "Earned Income" are:

Employment income net of employment expenses.
Business income.
Rental Income.
Taxable alimony, maintenance and child support.

TAX-FREE SAVINGS ACCOUNT CONTRIBUTION LIMITS

 

2009-2012

2013-2014

2015

2016-2018

2019-2022

Cumulative to 2022

Annual contribution limit
$5,000
$5,500
$10,000
$5,500
$6,000
$81,500

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