COVID-19 Update

2021 Contribution Limits

TFSA Contribution Limit$6,000
TFSA Cumulative Contribution Limit$75,500
RRSP Deduction Limit18% of earned income from 2020, up to $27,830
CPP Maximum Pensionable Earnings$61,600
CPP Maximum Employee and Employer Contribution$3,166.45
CPP Maximum Self-Employed Contribution$6,332.90
EI Maximum Insurable Earnings$56,300
EI Maximum Employee Premium$889.54
EI Maximum Employer Premium$1,245.36
OAS Clawback Begins$79,054 Net World Income (2020)
Full OAS Clawback$128,149 Net World Income (2020)