What is the RRSP contribution limit for 2026?

The RRSP contribution limit for 2026 is $33,810 plus your unused contribution room.

When should I contribute to my RRSP for the previous year?

You can contribute within the first 60 days of the year for the contribution to apply to the previous tax year.

Can I contribute after age 71?

No. You can contribute directly to your RRSP only until the end of the year you turn 71.

What happens if I exceed my RRSP limit?

If you exceed your limit by more than $2,000, you could pay a penalty of 1% per month on the excess.

How can I find out my unused contribution room?

Your unused room is shown on your latest Notice of Assessment or in My Account with the CRA.

Vincent Morin

Vincent achieved financial independence and took early retirement (FIRE) at the age of 35. After a career in financial technology with a major American investment bank, he founded Retraite101, a personal finance website that reaches over 350,000 unique visitors annually and has more than 40,000 social media followers. Passionate about finance, reading, cycling, hiking, and travel, he continues to write for several Quebec media outlets to inspire and motivate those who want to take control of their finances.

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