RRSP and TFSA limits and deadlines for 2026
Quick summary
For 2026 the RRSP dollar limit is $33,810 and the TFSA dollar limit is $7,000. Your own room can be different, so check it in CRA My Account. Not sure which account fits? See the RRSP vs TFSA guide.
Checked November 3, 2026. Main source: CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE (modified Oct. 28, 2026). See all 3 sources.
Key facts
- RRSP dollar limit 2026
- $33,810
- Source: CRA, modified Oct. 28, 2026
- TFSA dollar limit 2026
- $7,000
- Source: CRA, modified Oct. 28, 2026
- RRSP deadline for the 2025 tax year
- March 2, 2026
- Source: CRA, modified Jan. 29, 2026
The limits by year
The CRA publishes one table for registered plan limits. These are the dollar limits, not your personal room.
| Year | RRSP dollar limit | TFSA dollar limit |
|---|---|---|
| 2024 | $31,560 | $7,000 |
| 2025 | $32,490 | $7,000 |
| 2026 | $33,810 | $7,000 |
| 2027 | $35,390 | Not listed yet |
Source: CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE (modified Oct. 28, 2026).
RRSP contribution limit 2026
Your RRSP deduction limit generally starts with unused room from last year. You add the lesser of 18% of last year's earned income or the annual dollar limit. Then you subtract any pension adjustment. The CRA page lists $32,490 for 2025 and the limits table lists $33,810 for 2026.
Your own number is on your notice of assessment and in CRA My Account.
Sources: CRA: How contributions affect your RRSP deduction limit (modified Jan. 29, 2026); CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE (modified Oct. 28, 2026).
RRSP deadline
Contributions made from March 4, 2025 to March 2, 2026 can be deducted on your 2025 return. That deadline has passed.
For the 2026 tax year, the CRA rule is the first 60 days of the next year. Counting 60 days from January 1, 2027 ends on March 1, 2027. The CRA page we read did not print that date, so we worked it out. Check the CRA page when it posts the date.
Source: CRA: How contributions affect your RRSP deduction limit (modified Jan. 29, 2026).
What if I put in too much?
The CRA says you generally owe a tax of 1% a month on contributions that go more than $2,000 over your deduction limit. The first $2,000 over the limit is not penalized.
Source: CRA: How contributions affect your RRSP deduction limit (modified Jan. 29, 2026).
TFSA contribution limit 2026
The TFSA limit for 2026 is $7,000. It was $7,000 in 2025 and 2024, and $6,500 in 2023. The CRA page does not add up your total room since 2009, because it depends on the year you turned 18 and what you have already put in. Your CRA My Account shows your room.
If you take money out, you get that amount back as new room on January 1 of the next year. You do not get it back the same year.
Source: CRA: Calculate your TFSA contribution room (modified Feb. 20, 2026).
Which one first?
This depends on your income and goals. The RRSP gives a deduction when you put money in. A TFSA does not. Read the comparison and run your numbers before you decide.
Check what you learned
3 quick questions. Nothing is saved or sent.
1. How much new TFSA room does the CRA list for 2026?
2. When does TFSA room from a withdrawal come back?
3. How far over your RRSP limit can you go before the 1% monthly tax applies?
Questions people ask
What is the RRSP limit for 2026?
The CRA limits table lists $33,810 as the RRSP dollar limit for 2026. Your own deduction limit also depends on your earned income and any pension adjustment.
What is the TFSA limit for 2026?
$7,000. The limit was also $7,000 in 2025 and 2024.
When is the RRSP deadline for 2026?
For your 2025 return the deadline was March 2, 2026. For the 2026 tax year, the first 60 days of 2027 count, which ends on March 1, 2027. We worked that date out from the CRA rule, so confirm it on the CRA page.
Can I contribute to both an RRSP and a TFSA?
Yes. They have separate limits. Each one has its own room.
Do TFSA withdrawals give the room back?
Yes, but not until January 1 of the following year, per the CRA page.
What is the penalty for over-contributing to an RRSP?
A tax of 1% a month on the amount over your limit, once you are more than $2,000 over, per the CRA.
Where do I find my own room?
In CRA My Account, and on your notice of assessment.