The Globe and Mail

The Canada Revenue Agency (CRA) imposes an annual limit on how much you can deposit into your registered retirement savings plan account. The limit is calculated as a percentage of your previous year’s income, up to a maximum amount that is set by the government each year. Use this calculator to determine your current contribution limit and the potential tax savings.

Build your Knowledge

explainer

Build your Knowledge

How much money to save yearly to retire comfortably

Why this common retirement savings rule doesn’t hold up

Here is how much money you need to retire

Will I be poor and miserable in retirement? Likely not

Accountants 101: Do I need professional help to file my income taxes?

Income taxes 101: How to file your taxes in Canada

More from Retirement

Retiring is complicated - working was way easier by comparison

The Bloc’s plan to add billions to Old Age Security doesn’t make sense. Just ask Canadians

Margaret, 66, and Jack, 70, are getting married next summer. What should they do with their two homes?

More from Personal Finance

Making the most of capital losses might mean a transfer to your spouse

How this former telecom salesperson landed a career in financial planning

Concert ticket scams are rampant. Here’s how to avoid falling for one

Stocks are turning into just another thing you buy online, and that’s a good thing

Canadians love these payment cards, but they don’t all protect your money the same way

Should retirees buy dividend stocks instead of bonds?

Latest in

RRSP Limit

Build your Knowledge

How much money to save yearly to retire comfortably

Why this common retirement savings rule doesn’t hold up

Here is how much money you need to retire

Will I be poor and miserable in retirement? Likely not

Accountants 101: Do I need professional help to file my income taxes?

Income taxes 101: How to file your taxes in Canada

More from Retirement

Retiring is complicated - working was way easier by comparison

The Bloc’s plan to add billions to Old Age Security doesn’t make sense. Just ask Canadians

Margaret, 66, and Jack, 70, are getting married next summer. What should they do with their two homes?

More from Personal Finance

Making the most of capital losses might mean a transfer to your spouse

How this former telecom salesperson landed a career in financial planning

Concert ticket scams are rampant. Here’s how to avoid falling for one

Stocks are turning into just another thing you buy online, and that’s a good thing

Canadians love these payment cards, but they don’t all protect your money the same way

Should retirees buy dividend stocks instead of bonds?