CRA Publishes 2027 and 2028 RRSP Contribution Caps
The Canada Revenue Agency lists the 2027 registered retirement savings plan (RRSP) limit as $35,390 and the 2028 limit as $36,390. These are annual plan limits, not your personal RRSP contribution room. Match the figure to the year and plan label before using it.
What is the new Canada RRSP limit for 2027 and 2028?
Quick answer: The RRSP limit is $35,390 for 2027 and $36,390 for 2028. Match the amount to the year and the RRSP plan label, since other plan categories have different limits. These annual limits aren’t your personal RRSP contribution room.
- For RRSP holders: Use $35,390 for 2027 and $36,390 for 2028.
- Before using a figure: Match both its year and plan category; the 2027 money purchase limit, for example, is $36,390.
What changed and when it starts
The CRA’s “What’s new” page presents links according to plan type, and its announcements can include limits for more than one year.
A year range in an announcement title doesn’t mean every figure in it applies to every year in that range. Read the year attached to the individual limit: the 2027 RRSP limit is $35,390, while the 2028 RRSP limit is $36,390.
Other plan categories have their own limits. For example, the 2027 money purchase limit is $36,390, even though the 2027 RRSP limit is $35,390.
Important
Match both the plan label and year before using a published limit.
Last checked: November 5, 2026. Rules and dates can change; confirm on Canada.ca.
Who is affected and who is not
The announcements concern people with RRSPs, money purchase plans, defined benefit plans or deferred profit sharing plans, and the separate YMPE and YAMPE figures.
- RRSP: The announcement names registered retirement savings plans.
- Money purchase: It gives a separate money purchase plan category.
- Defined benefit: Defined benefit plans have their own category.
- Deferred profit sharing: Deferred profit sharing plans are also named.
- Earnings measures: YMPE and YAMPE appear separately from the plan categories.
Use the category that matches your plan; these labels are not interchangeable, since the announcements report them as separate entries. The figures are published plan limits and earnings measures, not a statement of an individual’s contribution room or entitlement.
The announcement excerpts do not mention newcomers or provinces. Your immigration status or province alone therefore cannot be used to infer an individual RRSP contribution room, eligibility or exclusion from these figures.
Key figures from the official page
The table separates each published figure by plan category and year.
| Category | Year | Published limit ($) |
|---|---|---|
| RRSP | 2026 | $33,810 |
| RRSP | 2027 | $35,390 |
| RRSP | 2028 | $36,390 |
| MP | 2025 | $33,810 |
| MP | 2026 | $35,390 |
| MP | 2027 | $36,390 |
| DB | 2025 | $3,756.67 |
| DB | 2026 | $3,932.22 |
| DB | 2027 | $4,043.33 |
| DPSP | 2025 | $16,905 |
| DPSP | 2026 | $17,695 |
| DPSP | 2027 | $18,195 |
| YMPE | 2025 | $71,300 |
| YMPE | 2026 | $74,600 |
| YMPE | 2027 | $76,700 |
| YAMPE | 2025 | $81,200 |
| YAMPE | 2026 | $85,000 |
| YAMPE | 2027 | $87,400 |
| ALDA | 2024 | $170,000 |
| ALDA | 2025 | $180,000 |
| ALDA | 2026 | $180,000 |
The announcements include several plan limits alongside pensionable-earnings amounts. RRSP limits are shown separately from money purchase limits, even where figures match.
What to do next
- Open the CRA’s “What’s new” page. It lists recent registered plan information by plan type.
- Locate the limits announcement for the year you need. The page links to announcements about registered plan limits.
- Match the plan label and year. Use the figure attached to your plan category and the specific year, rather than assuming every figure in an announcement applies to the same year.
- Use the archive for prior-year announcements. The CRA’s page links to its “What’s new archive” for documents from previous years.
This is general information, not legal advice.
Sources – Canada Revenue Agency, “What’s new – Savings and pension plan administration”
Frequently Asked Questions
How do I calculate my personal RRSP contribution room using these caps?
Your personal RRSP contribution room can’t be calculated from the annual cap alone; the CRA’s published figures are plan limits, not an individual room amount. Use the cap for the relevant year as a reference, then consult your CRA account or notice of assessment for your personal figure.
Do the YMPE and YAMPE changes affect my RRSP limit or only pensions?
The YMPE and YAMPE are listed as separate earnings measures, while RRSP limits appear as their own category. Those earnings figures should not be substituted for the RRSP cap.
Are the money purchase and RRSP limits ever interchangeable for contribution room?
No, the money purchase and RRSP limits are separate plan categories, even when their figures match. For 2026, the RRSP limit is $33,810 and the money purchase limit is $35,390; for 2027, they are $35,390 and $36,390, respectively. Use the category and year that match your plan.
What happens if my plan type label differs from CRA’s category names?
Match your plan to the CRA category before relying on a published figure; the announcements list RRSP, money purchase, defined benefit and deferred profit sharing plan limits separately. For example, the 2027 defined benefit limit is $4,043.33 and the deferred profit sharing plan limit is $18,195, while the RRSP limit is $35,390. If the label remains unclear, confirm the plan category with its administrator.
