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Annual RRSP Contribution Limits

The RRSP contribution limit is based on an annual limit of 18% of earned income [1]. This limit applies to all registered retirement savings plans, including employer sponsored Defined Benefit Pension Plans [2] and Defined Contribution Pension Plans [3], as well as deferred profit sharing plans (DPSP’s) and RRSP’s.

Note that the rates in the table below are the maximum RRSP limit for the year. The calculation is the lesser or 18% of earned income or the RRSP limit for the year. Any carry RRSP forward room is then added to the new RRSP limit. See how the RRSP contribution limit is calculated [4].

The RRSP dollar or contribution limit is set by the government as the Money Purchase Limit for the preceding tax year. The RRSP limits are for the following years:

RRSP & Pension Limits By Year

YearRRSP LimitMP Limit (Defined
Contribution RPP)
Defined Benefit RPP
Max Benefit Per
1992$12,500 $12,500 $1,389
1993$12,500 $13,500 $1,500
1994$13,500 $14,500 $1,611
1995$14,500 $13,500 $1,500
1996$13,500 $13,500 $1,500
1997$13,500 $13,500 $1,500
1998$13,500 $13,500 $1,500
1999$13,500 $13,500 $1,500
2000$13,500 $13,500 $1,500
2001$13,500 $13,500 $1,500
2002$13,500 $14,500 $1,611
2003$14,500 $15,500 $1,722
2004$15,500 $16,500 $1,833
2005$16,500 $18,000 $2,000
2006$18,000 $19,000 $2,111
2007$19,000 $20,000 $2,222
2008$20,000 $21,000 $2,333
2009$21,000 $22,000 $2,444
2010$22,000 $22,450 $2,494
2011$22,450 $22,970$2,552
2012$22,970$23,820$2,647
2013$23,820$24,270$2,696
2014$24,720Indexed1/9 MP Limit

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