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RRSP Contribution Limit 2026: $33,810 Maximum, and Limits by Year

Updated

The RRSP dollar limit for 2026 is $33,810. New room for the year is the lesser of that amount and 18% of your 2025 earned income. This page lists the limit for each year and the income needed to reach it. Your own total room (which adds unused room and subtracts any pension adjustment) is worked out in the RRSP contribution room calculator, and the other RRSP guides are in the RRSP and RRIF guide directory.

RRSP limits by year

YearRRSP Dollar LimitMP LimitYMPE
2027$35,390.00——
2026$33,810.00$35,390.00$74,600
2025$32,490.00$33,810.00$71,300
2024$31,560.00$32,490.00$68,500
2023$30,780.00$31,560.00$66,600
2022$29,210.00$30,780.00$64,900
2021$27,830.00$29,210.00$61,600
2020$27,230.00$27,830.00$58,700
2019$26,500.00$27,230.00$57,400
2018$26,230.00$26,500.00$55,900

Source: Canada Revenue Agency – MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE.

The RRSP dollar limit for a year equals the previous year’s money purchase (MP) limit, which is why next year’s figure is already known: the 2027 limit is $35,390.

Income needed to reach the maximum

Because new room is 18% of prior-year earned income, reaching the dollar limit takes earned income of the limit divided by 18%:

Tax yearDollar limitPrior-year earned income needed
2027$35,390$196,611
2026$33,810$187,833
2025$32,490$180,500
2024$31,560$175,333

Below that income, new room is simply 18% of earned income:

Prior-year earned incomeNew RRSP room (18%)
$50,000$9,000
$75,000$13,500
$100,000$18,000
$125,000$22,500
$150,000$27,000

Your personal limit vs the annual maximum

CRA works out your deduction limit for a year like this:

  • Unused room carried forward from earlier years.
  • Plus the lesser of 18% of the previous year's earned income and the year's RRSP dollar limit.
  • Minus your pension adjustment (PA) from a workplace pension or DPSP.
  • Plus any pension adjustment reversal (PAR).
  • Minus any net past service pension adjustment (PSPA).
  • You can contribute to your own RRSP until December 31 of the year you turn 71.

The annual figure caps only the new room added each year. Your personal deduction limit can be:

  • Higher, because unused room from earlier years carries forward with no expiry (unused RRSP room explained).
  • Lower, because a workplace pension creates a pension adjustment that reduces new room (why your RRSP room changed).
  • Shared with a spousal plan: contributions to a spousal RRSP use your room, so the total across your own and the spousal plan can’t exceed your limit.

Only earned income creates room: employment and net self-employment income, net rental income, taxable support received and CPP or QPP disability payments are among the items that count. The full list is on the contribution room calculator page.

Where to find your exact limit

Your deduction limit is on your latest Notice of Assessment and in CRA My Account. It can also appear on Form T1028, Your RRSP, HBP, LLP, or FHSA information, if CRA sends you one. CRA’s figure does not include contributions it hasn’t been told about yet, so recent contributions need to be subtracted. Going over by more than $2,000 triggers a monthly penalty tax; see the RRSP over-contribution guide.

Deadlines

Contributions made during the year, or in the first 60 days of the next year, count toward that year’s limit. The dates for the current season, and what happens if you miss them, are in is it too late to contribute to my RRSP? Your own RRSP must be converted or closed by the end of the year you turn 71; see what to do when you turn 71.

Deducting later

A contribution doesn’t have to be deducted in the year it is made. Holding the deduction for a year when your marginal rate is higher is covered in when to start an RRSP.

Sources

The figures and rules on this page come from these sources, last checked against them between August 29, 2026 and September 29, 2026. How we check facts.