REGISTERED RETIREMENT SAVINGS PLAN CONTRIBUTION LIMITS

 

2014

2015

2016

2017

2018

Maximum contribution
$24,270
$24,930
$25,370
$26,010
$26,230
Earned income required in the prior year1
$134,833
$138,500
$140,945
$144,500
$145,722

1RRSP contribution room for a year is equal to unused contribution room from prior years plus the lesser of (a) 18% of the previous year's earned income and (b) the current year's maximum contribution limit. The maximum contribution limit is reached when the previous year's earned income equals the amount above.

Common inclusions of "Earned Income" are:

Employment income net of employment expenses.
Business income.
Rental Income.
Taxable alimony, maintenance and child support.

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