News & Updates

Canada Revenue Agency announces 2025 limits for retirement and savings plans

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November 18, 2024

The Canada Revenue Agency has announced incoming limits for various retirement and savings plans along with next year’s maximum pensionable earnings (YMPE) and the year's additional maximum pensionable earnings (YAMPE) limits. The limits are outlined below:

Money Purchase (MP) Limit

  • 2024: $32,490.00
  • 2025: $33,810.00

Defined Benefit (DB) Limit

  • 2024: $3,610.00
  • 2025: $3,756.67

Registered Retirement Savings Plan (RRSP) Limit

  • 2024: $31,560.00
  • 2025: $32,490.00

Deferred Profit-sharing Plan (DPSP) Limit

  • 2024:$16,245.00
  • 2025:$16,905.00

Year’s Maximum Pensionable Earnings (YMPE)

  • 2024:$68,500.00
  • 2025:$71,300.00

Year’s Additional Maximum Pensionable Earnings (YAMPE)

  • 2024:$73,200.00
  • 2025:$81,200.00

The 2025 advanced life deferred annuity (ALDA) and tax-free savings account (TFSA) limits have yet to be disclosed.

Click on more information below to see information for previous years:

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