RRSP Contribution Limit 2026, 2027 and 2028: Dollar Limits and Deadlines
14/11/2026
Quick Answer
The RRSP dollar limit is $33,810 for 2026, $35,390 for 2027 and $36,390 for 2028, according to the CRA. Your personal limit is 18% of your previous year’s earned income, up to the dollar limit, minus your pension adjustment, plus any unused room. The deadline for the 2026 tax year is March 1, 2027. Last updated November 13, 2026.
RRSP Dollar Limit by Year
| Year | RRSP dollar limit | Based on earned income of | Earned income needed for the maximum |
|---|---|---|---|
| 2028 | $36,390 | 2027 | About $202,167 |
| 2027 | $35,390 | 2026 | About $196,612 |
| 2026 | $33,810 | 2025 | About $187,834 |
| 2025 | $32,490 | 2024 | $180,500 |
The income needed is the dollar limit divided by 18%, rounded up. If you earn less, your limit is 18% of your earned income.
How Your RRSP Deduction Limit Works
- 18% rule: new room each year is 18% of last year’s earned income, up to the dollar limit.
- Pension adjustment: if you belong to a registered pension plan or deferred profit sharing plan, your pension adjustment reduces your new room.
- Unused room carries forward with no expiry.
- Your exact number is on your latest notice of assessment and in CRA My Account.
RRSP Contribution Deadlines
| Tax year | Deadline to deduct on that year’s return |
|---|---|
| 2026 | March 1, 2027 |
| 2027 | February 29, 2028 |
The deadline is 60 days after the end of the year. You can contribute at any time, but only contributions made by the deadline reduce that year’s tax. See how RRSP contributions lower your taxes.
Registered Pension Plan Limits (CRA)
| Limit | 2026 | 2027 |
|---|---|---|
| Money purchase limit | $35,390 | $36,390 |
| Defined benefit limit (per year of service) | $3,932.22 | $4,043.33 |
| Deferred profit sharing plan limit | $17,695 | $18,195 |
| Year’s maximum pensionable earnings (YMPE) | $74,600 | $76,700 |
| Year’s additional maximum pensionable earnings (YAMPE) | $85,000 | $87,400 |
RRSP or TFSA?
The TFSA limit is $7,000 for 2026 and the CRA has not announced 2027 yet. See the TFSA contribution limit and our comparison of TFSA vs RRSP.
Frequently Asked Questions
What is the RRSP contribution limit for 2026?
The RRSP dollar limit for 2026 is $33,810. Your own deduction limit is 18% of your 2025 earned income, up to that dollar limit, minus any pension adjustment, plus unused room carried forward.
What is the RRSP limit for 2027 and 2028?
The CRA lists an RRSP dollar limit of $35,390 for 2027 and $36,390 for 2028. The 2028 limit is up 2.8% from 2027.
What is the RRSP deadline for the 2026 tax year?
Contributions made in the first 60 days of 2027, up to March 1, 2027, can be deducted on your 2026 return. For the 2027 tax year the deadline is February 29, 2028.
How much income do I need to contribute the maximum?
Because the limit is 18% of the previous year’s earned income, you need about $187,834 of 2025 earned income to reach the $33,810 limit for 2026, and about $196,612 of 2026 earned income to reach $35,390 for 2027. Your pension adjustment lowers your room if you belong to a workplace pension.
What happens if I contribute too much to my RRSP?
You can go over your limit by up to $2,000 without a penalty. Above that, the CRA charges 1% per month on the excess until you withdraw it or gain new room, so check your room first in CRA My Account or on your latest notice of assessment.
Source
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