RRSP, TFSA & FHSA limits
Your own room can be higher than the annual limit if you have unused room from earlier years. Check your CRA My Account for your exact figures.
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2025 tax year
Contribution limits
Your RRSP limit is the smaller of the dollar limit and the share of last year’s earned income, plus any unused room.
| Limit | Amount |
|---|---|
| RRSP dollar limit | $32,490 |
| RRSP: share of last year’s earned income | 18% |
| TFSA annual limit | $7,000 |
| FHSA annual limit | $8,000 |
| FHSA lifetime limit | $40,000 |
OAS clawback
If your net income is above the threshold, you repay part of your Old Age Security pension (the OAS recovery tax).
| Limit | Amount |
|---|---|
| Repayment starts above (net income) | $93,454 |
| Repayment rate on income above that | 15% |
Sources
- CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE · Checked October 9, 2026
- CRA: How contributions affect your RRSP deduction limit (18% of earned income) · Checked October 9, 2026
- CRA: Indexation adjustment for personal income tax and benefit amounts (OAS repayment threshold, TFSA dollar limit) · Checked October 9, 2026
- CRA: Participating in your FHSAs (participation room $8,000; lifetime limit $40,000) · Checked October 9, 2026
- CRA: Line 23500 – Social benefits repayment (2025 OAS threshold $93,454) · Checked October 9, 2026
- Government of Canada (Service Canada): Old Age Security pension recovery tax (thresholds; 15% repayment) · Checked October 9, 2026
- CRA: When to register for and start charging the GST/HST (small supplier thresholds) · Checked October 9, 2026
- CRA: Chart – Prescribed factors (RRIF minimum amount; 1 ÷ (90 − age) at age 70 or younger) · Checked October 10, 2026
- CRA: Minimum amount from a RRIF (fair market value at the start of the year × prescribed factor) · Checked October 10, 2026
- CRA: Receiving income from a RRIF (yearly minimum from the year after the RRIF is set up; spouse's age election) · Checked October 10, 2026
- CRA: Tax rates on withdrawals (RRSP: 10%, 20%, 30%; 5%, 10%, 15% in Quebec) · Checked October 10, 2026
- CRA: Guide RC4157 (2025), Withholding rates for lump-sum payments (RRSPs, and RRIF amounts above the minimum) · Checked October 10, 2026
- CRA: Guide T4079, T4RSP and T4RIF Guide (withhold tax from the RRIF excess amount, not from the minimum) · Checked October 10, 2026
- Revenu Québec: Guide for Employers: Source Deductions and Contributions 2025 (TP-1015.G-V), section 9.14 (14% on single RRSP payments and on the part of a single RRIF payment above the minimum) · Checked October 10, 2026
- CRA: Making withdrawals (RRSP; a direct transfer to another RRSP isn't a withdrawal) · Checked October 10, 2026
- CRA: Guide T4040, Chart 5 (the spouse's age election is made on the original RRIF application and can't be changed) · Checked October 10, 2026
- CRA: Guide T4001, Employers' Guide – Payroll Deductions and Remittances (Rev. 25), Retiring allowances (tax on the part paid directly to a resident of Canada is withheld at the lump-sum rates: 10%, 20%, 30%; 5%, 10%, 15% in Quebec) · Checked October 10, 2026
Notes
- Limits: RRSP dollar limit $32,490 applies to the 2025 deduction limit (based on 2024 earned income).
- Limits: OAS: the 2025 threshold ($93,454) applies to 2025 net income; recovery tax withheld from OAS payments from July 2026 to June 2027 is based on it.
- Limits: RRSP: the deduction limit for a year is generally 18% of the previous year's earned income, up to that year's RRSP dollar limit, less the pension adjustment, plus unused room carried forward (CRA). Only the dollar limit and the 18% rate are stored here.
- Limits: FHSA: participation room is $8,000 in the year the first FHSA is opened; up to $8,000 of unused room carries forward one year, and lifetime contributions are capped at $40,000 (CRA).
- Limits: OAS recovery tax: 15% of net income above the threshold, up to the full OAS pension received (Service Canada / CRA line 23500).
- Limits: GST/HST small supplier threshold: $30,000 of worldwide taxable supplies (including associates) in a single calendar quarter or over the previous four consecutive calendar quarters, for most businesses (CRA).
- Limits: RRIF minimum amount factors (rrifMinimum) and the tax withheld on RRSP withdrawals and RRIF amounts above the minimum (withholding) carry their own meta with sources and notes; their sources are also listed above.
2026 tax year
Contribution limits
Your RRSP limit is the smaller of the dollar limit and the share of last year’s earned income, plus any unused room.
| Limit | Amount |
|---|---|
| RRSP dollar limit | $33,810 |
| RRSP: share of last year’s earned income | 18% |
| TFSA annual limit | $7,000 |
| FHSA annual limit | $8,000 |
| FHSA lifetime limit | $40,000 |
OAS clawback
If your net income is above the threshold, you repay part of your Old Age Security pension (the OAS recovery tax).
| Limit | Amount |
|---|---|
| Repayment starts above (net income) | $95,323 |
| Repayment rate on income above that | 15% |
Sources
- CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE · Checked October 9, 2026
- CRA: How contributions affect your RRSP deduction limit (18% of earned income) · Checked October 9, 2026
- CRA: Indexation adjustment for personal income tax and benefit amounts (OAS repayment threshold, TFSA dollar limit) · Checked October 9, 2026
- CRA: Participating in your FHSAs (participation room $8,000; lifetime limit $40,000) · Checked October 9, 2026
- Government of Canada (Service Canada): Old Age Security pension recovery tax (thresholds; 15% repayment) · Checked October 9, 2026
- CRA: When to register for and start charging the GST/HST (small supplier thresholds) · Checked October 9, 2026
- CRA: Chart – Prescribed factors (RRIF minimum amount; 1 ÷ (90 − age) at age 70 or younger) · Checked October 10, 2026
- CRA: Minimum amount from a RRIF (fair market value at the start of the year × prescribed factor) · Checked October 10, 2026
- CRA: Receiving income from a RRIF (yearly minimum from the year after the RRIF is set up; spouse's age election) · Checked October 10, 2026
- CRA: Tax rates on withdrawals (RRSP: 10%, 20%, 30%; 5%, 10%, 15% in Quebec) · Checked October 10, 2026
- CRA: Guide RC4157 (current web edition), Withholding rates for lump-sum payments (RRSPs, and RRIF amounts above the minimum) · Checked October 10, 2026
- CRA: Guide T4079, T4RSP and T4RIF Guide (withhold tax from the RRIF excess amount, not from the minimum) · Checked October 10, 2026
- Revenu Québec: Guide for Employers: Source Deductions and Contributions 2026 (TP-1015.G-V), section 9.14 (14% on single RRSP payments and on the part of a single RRIF payment above the minimum) · Checked October 10, 2026
- CRA: Making withdrawals (RRSP; a direct transfer to another RRSP isn't a withdrawal) · Checked October 10, 2026
- CRA: Guide T4040, Chart 5 (the spouse's age election is made on the original RRIF application and can't be changed) · Checked October 10, 2026
- CRA: Guide T4001, Employers' Guide – Payroll Deductions and Remittances (Rev. 25), Retiring allowances (tax on the part paid directly to a resident of Canada is withheld at the lump-sum rates: 10%, 20%, 30%; 5%, 10%, 15% in Quebec) · Checked October 10, 2026
Notes
- Limits: RRSP dollar limit $33,810 applies to the 2026 deduction limit (based on 2025 earned income). The 2027 limit is $35,390 (CRA).
- Limits: OAS: the 2026 threshold ($95,323) is from the CRA indexation table and the Service Canada recovery tax page; Service Canada notes the upper (full-recovery) thresholds for the current year are estimates until October.
- Limits: RRSP: the deduction limit for a year is generally 18% of the previous year's earned income, up to that year's RRSP dollar limit, less the pension adjustment, plus unused room carried forward (CRA). Only the dollar limit and the 18% rate are stored here.
- Limits: FHSA: participation room is $8,000 in the year the first FHSA is opened; up to $8,000 of unused room carries forward one year, and lifetime contributions are capped at $40,000 (CRA).
- Limits: OAS recovery tax: 15% of net income above the threshold, up to the full OAS pension received (Service Canada / CRA line 23500).
- Limits: GST/HST small supplier threshold: $30,000 of worldwide taxable supplies (including associates) in a single calendar quarter or over the previous four consecutive calendar quarters, for most businesses (CRA).
- Limits: RRIF minimum amount factors (rrifMinimum) and the tax withheld on RRSP withdrawals and RRIF amounts above the minimum (withholding) carry their own meta with sources and notes; their sources are also listed above.