COVID-19 Update

2022 and 2023 Contribution Limits

2022 Contribution Limits

TFSA Contribution Limit$6,000
TFSA Cumulative Contribution Limit$81,500
RRSP Deduction Limit18% of earned income from 2021, up to $29,210

 

2023 Contribution Limits

TFSA Contribution Limit$6,500
TFSA Cumulative Contribution Limit$88,000
RRSP Deduction Limit18% of earned income from 2022, up to $30,780