In order to assist with your 2025 and 2026 tax planning, we are pleased to provide you with the following information in connection with Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA) as follows:
RRSP
- The maximum contribution limit for 2025 is $32,490.
- The deadline for 2025 contributions is March 2, 2026.
- Your contribution limit for 2025 is noted on your 2024 Notice of Assessment.
- The maximum contribution limit for 2026 is $33,810.
TFSA
- The contribution limit for 2026 is $7,000.
- The cumulative contribution limit from 2009 to 2026 is $109,000.
The rules regarding RRSP and TFSA contributions can be complex.
Please contact your Lipton LLP advisor if you would like to discuss your specific situation.