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Retirement and Savings Plans—Contribution Limits

Notes

(1) The money purchase registered pension plan (RPP) contribution limits indicated in the 

table are maximum limits that apply each year. The contribution limit will be the greater 

of the limit for the previous year, and the 2009 contribution limit of $22,000 adjusted for 

inflation. In general, the 2009 contribution limit will be indexed by an inflation factor equal 

to the average wage for the applicable year divided by the average wage for 2009.

(2) The total of all employer and employee contributions to an RPP are limited to the lesser of 

the current year’s contribution limit and 18% of the employee’s pensionable earnings for 

the year. The amount of pensionable earnings that generates the contribution limit each 

year is indicated in the table.

(3) The registered retirement savings plan (RRSP) contribution limits are equal to the RPP 

contribution limits for the preceding year.

2012

2013

2014

Money Purchase Registered Pension Plans

Contribution limit

1

$ 23,820

 $ 24,270

To be

Pensionable earnings

2

132,333

134,833

calculated

Registered Retirement Savings Plans

Contribution limit

3

$ 22,970

$ 23,820

$ 24,270

Previous year’s earned income

4

127,611

132,333

134,833

Deferred Profit Sharing Plans

Contribution limit

5

$ 11,910

$12,135

To be

Pensionable earnings

6

66,167

67,417

calculated

Tax Free Savings Account

Annual Contribution

Limits

7 

$5,000 

$5,500 

To be 

calculated

Registered Education Savings Plans

Annual limit

8

   N/A

  N/A

    N/A

Lifetime limit

9

$50,000

$50,000

$50,000

Registered Disability Savings Plans

Annual limit

10

    N/A

  N/A

    N/A

Lifetime limit

11

$200,000

$200,000

$200,000

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Current as of June 30, 2013