The 2027 RRSP dollar limit is $35,390, the Canada Revenue Agency has confirmed. That is up $1,580 from the 2026 limit of $33,810. Your own 2027 room is 18% of your 2026 earned income, up to $35,390, plus any unused room carried forward and minus any pension adjustment.
RRSP limits by year
| Tax year | RRSP dollar limit | Earned income needed for the max |
|---|---|---|
| 2028 | $36,390 | About $202,170 (2027 income) |
| 2027 | $35,390 | About $196,610 (2026 income) |
| 2026 | $33,810 | About $187,830 (2025 income) |
| 2025 | $32,490 | About $180,500 (2024 income) |
The RRSP limit for a year always equals the previous year’s money purchase pension limit, which is why the 2028 figure of $36,390 is already known.
How to work out your 2027 room
- Take 18% of your 2026 earned income (salary, self-employment income, net rental income and some others).
- Cap it at $35,390.
- Subtract any pension adjustment if you are in a workplace pension or DPSP.
- Add your unused room from past years.
Example: earn $90,000 in 2026 with no workplace pension and you get $16,200 of new room for 2027. Your exact number will appear on the Notice of Assessment you receive after filing your 2026 return, and in CRA My Account.
When can you use it?
New room for 2027 is available from January 1, 2027. Contributions made during 2027 and in the first 60 days of 2028 can be deducted on your 2027 return. If you are still working on 2026, see the RRSP deadline for the 2026 tax year and the 2026 RRSP limit.
What else changed for 2027
- CPP: the maximum pensionable earnings rise to $76,700. See CPP 2027 limits.
- TFSA: the 2027 limit had not been announced by the CRA at the time of writing. It is widely expected to rise to $7,500. See TFSA limit 2027.
See what your contribution is worth
Use our RRSP tax refund calculator to estimate the refund on any contribution in your province.
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Frequently asked questions
What is the RRSP limit for 2027?
$35,390, or 18% of your 2026 earned income if that is less, plus unused room, minus any pension adjustment.
Is the 2027 RRSP limit official?
Yes. The CRA has published $35,390 as the 2027 RRSP dollar limit.
What happens if I contribute too much?
You can be over by up to $2,000 without penalty. Above that, the CRA charges 1% per month on the excess until you withdraw it.
This article is general information, not financial or tax advice.
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