RRSP contribution limits in Canada are based on 18% of your earned income from the previous year, up to a maximum annual limit set by the government (for example, $32,490 for 2025).
Vasanth R., former H&R Block Tax Consultant, has 25+ years in finance and accounting. He specializes in Canadian tax laws and reviews Maple Insight content to ensure accuracy and reliability for newcomers.
How RRSP Contribution Room Works in Canada
RRSP contribution room is based on **18% of your earned income** from the previous year.
There is also a maximum limit set each year by the federal government.
Unused contribution room carries forward indefinitely.
Testing...
Example
Income: $70,000
Contribution room:
18% × 70,000 = $12,600
If you do not contribute this year, the room carries forward.
How to Check Your RRSP Room
You can find your RRSP contribution room:
- CRA My Account
- Notice of Assessment
- CRA mobile app
Sources & References
- Canada Revenue Agency. RRSPs and related plans. canada.ca. Accessed March 18, 2026.
- Canada Revenue Agency. Registered retirement savings plan (RRSP). canada.ca. Accessed March 18, 2026.