2026 RRSP Contribution Limit
The maximum RRSP contribution for 2026 is $32,490 (or 18% of your 2025 earned income, whichever is less).
| Tax Year | Maximum RRSP Contribution | Deadline |
|---|---|---|
| 2026 | $32,490 | March 1, 2027 |
| 2025 | $31,560 | March 2, 2026 |
| 2024 | $31,560 | March 3, 2025 |
| 2023 | $30,780 | February 29, 2024 |
| 2022 | $29,210 | March 1, 2023 |
How RRSP contribution room is calculated
Your RRSP contribution room = 18% of previous year earned income (up to max) + unused room β pension adjustment
Earned income includes:
- Employment income
- Self-employment income
- Rental income (net)
- Alimony/support received
Does NOT include:
- Investment income
- RRSP withdrawals
- Pension income
2026 RRSP deadlines
| Action | Deadline |
|---|---|
| Contribute for 2025 tax year | March 2, 2026 |
| Contribute for 2026 tax year | March 1, 2027 |
| Convert RRSP to RRIF | December 31 of year you turn 71 |
Income needed to max out RRSP
To contribute the maximum $32,490 in 2026, you need 2025 earned income of at least $180,500 ($32,490 Γ· 18%).
| 2025 Earned Income | 2026 RRSP Room (18%) |
|---|---|
| $50,000 | $9,000 |
| $75,000 | $13,500 |
| $100,000 | $18,000 |
| $125,000 | $22,500 |
| $150,000 | $27,000 |
| $180,500+ | $32,490 (max) |
RRSP contribution room history
| Year | Maximum Contribution |
|---|---|
| 2026 | $32,490 |
| 2025 | $31,560 |
| 2024 | $31,560 |
| 2023 | $30,780 |
| 2022 | $29,210 |
| 2021 | $27,830 |
| 2020 | $27,230 |
| 2019 | $26,500 |
| 2018 | $26,230 |
| 2017 | $26,010 |
Check your RRSP contribution room
Your exact RRSP contribution room is shown on your Notice of Assessment from the CRA. You can also check online through CRA My Account.
Note: The CRA figure may not include recent contributions. Track your own contributions to avoid over-contributing.