COVID-19 Update

2021 Contribution Limits

TFSA Contribution$6,000
Maximum TFSA Contribution$75,500
Maximum RRSP Contribution18% of earned income from 2020, up to $27,830
CPP max. earnings (YMPE)$61,600 (over $3,500)
CPP max. contribution$3,166.45
Self-employed$6,332.90
EI max. earnings$56,300
EI max. contribution$889.54
Self-employed1.58%
Net world income before OAS clawback starts$79,054 (income year 2020)
Full OAS clawback$128,149 (income year 2020