March 1, 2022
Now is a good time to assess what you want to invest in your Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA) or both.
RRSP Contribution Limits
18% of the income you earned the previous year, up to an annual maximum which you can find in this chart by clicking here.
- Contributions are deductible from your taxable income.
- If you contribute to an employer-sponsored plan, it will reduce your contribution room.
- Add any unused contributions of your annual limit cumulative back to 1991.
TFSA Contribution Limits
To find your TFSA contribution limit click here.
- Contributions are not deductible from your taxable income.
- Add any unused contributions of your annual limit, cumulative back to 2009.
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