Free Canadian Tool
2026 RRSP Contribution Limit Calculator
The 2026 RRSP contribution limit is $32,490. Find out exactly how much you can contribute this year based on your prior year earned income, pension adjustment, and any unused carry-forward room. Newcomer and immigration rules included.
Basic Info
Prior Year Earned Income (2025)
RRSP room is based on the year before the tax year you're calculating.
T4 box 14 — salary, wages, tips
Net profit (or loss — enter negative)
Net profit (or loss — enter negative)
Adjustments
From your T4 box 52. Leave at $0 if you have no employer pension plan.
From your last CRA Notice of Assessment.
RRSP contributions made in the current calendar year.
Max RRSP Contribution Right Now
$14,400
For the 2026 tax year
How It's Calculated
Good to Know
- 📋 Your exact room is on your CRA Notice of Assessment (NOA) — the most reliable source.
- 🔁 Unused room carries forward indefinitely — you never lose it.
- ⚠️ CRA allows a $2,000 lifetime over-contribution buffer — any excess above that triggers a 1%/month penalty.
- 💑 Spousal RRSP contributions use your contribution room, not your spouse's.
How RRSP Contribution Room Works
Each year, the CRA calculates your new RRSP contribution room as 18% of your prior year earned income, up to an annual dollar limit ($32,490 for 2025). If you didn't use all your room in previous years, it carries forward indefinitely — you never lose it.
What Counts as Earned Income?
Employment income (T4 box 14), net self-employment income, and net rental income all count. A rental or business loss reduces your earned income — and therefore your RRSP room. Investment income, CPP, and OAS do not count as earned income for RRSP purposes.
Pension Adjustments (PA)
If you're a member of an employer-sponsored Registered Pension Plan (RPP) or Deferred Profit Sharing Plan (DPSP), your Pension Adjustment (T4 box 52) reduces your RRSP room. This ensures fairness between Canadians with and without employer pensions.
Newcomers and Immigrants
RRSP room is based on Canadian tax residency, not citizenship. If you became a Canadian tax resident last year, only your Canadian-sourced earned income from that year counts. If you arrived this year, you won't generate new room until next year — but any carry-forward room from prior years (e.g., if you were previously a resident) remains available.
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The $2,000 Over-Contribution Buffer
CRA allows a lifetime over-contribution of up to $2,000 without penalty. Any amount above your room and this buffer is subject to a 1% per month penalty tax. Always verify your room on your most recent Notice of Assessment (NOA) before contributing.