What is the maximum I can contribute to my Individual and Spousal RRSPs?
What is the maximum I can contribute to my Individual and Spousal RRSPs?
| Year | Maximum RRSP Contribution Limits |
| 2020 | $26,230 |
| 2019 | $26,010 |
| 2018 | $25,370 |
| 2017 | $24,930 |
| 2016 | $24,270 |
| 2015 | $23,830 |
| 2014 | $22,970 |
| 2013 | $22,450 |
| 2012 | $22,000 |
| 2011 | $21,000 |
| 2010 | $20,000 |
After 2010, the maximum RRSP contribution limits are indexed for inflation.
If you have not used all of your RRSP contribution deduction limits for the years 1991 to 2009, you can carry the unused amounts forward to 2012 and beyond. As a result, your accumulated RRSP contribution limit may be greater than the set annual maximum amounts listed above.
Related Questions
Related Questions
- What income is included in the calculation of my allowable RRSP contributions?
- What income does not qualify as Eligible Earned Income?
- How is my RRSP contribution amount calculated?
- What is a Pension Adjustment (PA) and why is it deducted from my allowable RRSP contribution room?
- If I leave my current employer and my pension benefit is less than the Pension Adjustments (PAs), do I get my RRSP contribution room back?
- What is a Past Service Pension Adjustment (PSPA)?
- What are the deadlines for making contributions and claiming them on my income tax return?
- Do I need to deduct all of my RRSP contributions in the tax year they were made?
- I think I have over-contributed to my RRSPs. What can I do?
- Do my RRSP contributions need to be made with cash?
- Can a deceased person’s estate contribute to the deceased’s RRSP if they still have allowable RRSP contribution room available?
- Is there an age limit for making RRSP contributions?
- I currently have allowable RRSP contribution room that I will never be able to use. Can I gift or transfer it to another person?