2023 and 2024 Contribution Limits

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

 

2024 Contribution Limits

TFSA Contribution Limit$7,000
TFSA Cumulative Contribution Limit$95,000
RRSP Deduction Limit18% of earned income from 2023, up to $31,560