Savings plans, credits and benefits

What is the RRSP deduction limit?

How much you can deduct for RRSP contributions: 18% of last year's earned income up to the yearly maximum, plus unused room.

Good to know

The 2026 maximum is $33,810. Your limit is on your notice of assessment.

Also called: RRSP room, RRSP contribution room.

Reviewed by the Done Right Accounting team. Last reviewed October 2026.