RRSP, TFSA & FHSA limits

Your own room can be higher than the annual limit if you have unused room from earlier years. Check your CRA My Account for your exact figures.

Tax year

2025 tax year

Contribution limits

Your RRSP limit is the smaller of the dollar limit and the share of last year’s earned income, plus any unused room.

LimitAmount
RRSP dollar limit$32,490
RRSP: share of last year’s earned income18%
TFSA annual limit$7,000
FHSA annual limit$8,000
FHSA lifetime limit$40,000

OAS clawback

If your net income is above the threshold, you repay part of your Old Age Security pension (the OAS recovery tax).

LimitAmount
Repayment starts above (net income)$93,454
Repayment rate on income above that15%

Sources

Notes

  • Limits: RRSP dollar limit $32,490 applies to the 2025 deduction limit (based on 2024 earned income).
  • Limits: OAS: the 2025 threshold ($93,454) applies to 2025 net income; recovery tax withheld from OAS payments from July 2026 to June 2027 is based on it.
  • Limits: RRSP: the deduction limit for a year is generally 18% of the previous year's earned income, up to that year's RRSP dollar limit, less the pension adjustment, plus unused room carried forward (CRA). Only the dollar limit and the 18% rate are stored here.
  • Limits: FHSA: participation room is $8,000 in the year the first FHSA is opened; up to $8,000 of unused room carries forward one year, and lifetime contributions are capped at $40,000 (CRA).
  • Limits: OAS recovery tax: 15% of net income above the threshold, up to the full OAS pension received (Service Canada / CRA line 23500).
  • Limits: GST/HST small supplier threshold: $30,000 of worldwide taxable supplies (including associates) in a single calendar quarter or over the previous four consecutive calendar quarters, for most businesses (CRA).
  • Limits: Lifetime capital gains exemption (capitalGainsExemption): $1,250,000 for 2025 dispositions of qualified small business corporation shares and qualified farm or fishing property, so the capital gains deduction (line 25400) is at most $625,000, half of it, since half of a capital gain is taxable (CRA line 25400 page and indexation table). The CRA presents the $1,250,000 limit as a proposed change: the Notice of Ways and Means Motion tabled September 23, 2024, for dispositions on or after June 25, 2024.
  • Limits: Instalments (instalments): individuals pay CRA instalments for a year when net tax owing is more than $3,000 ($1,800 for Quebec residents) for that year and for either of the two previous years. The CRA's Who has to pay page states the rule for 2026 and applies the same thresholds to 2025 and 2024 net tax owing; Quebec residents pay Quebec instalments to Revenu Québec separately (quebec.json).
  • Limits: Restricted farm loss (restrictedFarmLoss): when farming is neither a chief source of income nor one combined with a subordinate source, the deductible part of a net farm loss is the lesser of the loss and $2,500 plus half of the loss above $2,500, so at most $17,500 (for tax years ending after March 20, 2013); the rest is a restricted farm loss (Guide T4002 (2025), Chapter 5).
  • Limits: Security options (securityOptions): the $200,000 annual vesting limit applies to options granted on or after July 1, 2021, by an employer that isn't a CCPC (or is a mutual fund trust) with revenues of more than $500 million, alone or as part of a consolidated group; shares are valued at fair market value when the option was granted (CRA, current page).
  • Limits: Foreign property (foreignProperty): Form T1135 is required when specified foreign property cost more than $100,000 at any time in the year; Part A (simplified) applies when the total cost was more than $100,000 but less than $250,000 throughout the year, and Part B (detailed) when it was $250,000 or more at any time (CRA, current page).
  • Limits: Emigrants (emigrantPropertyThreshold): Form T1161 is required when the fair market value of all the properties owned on leaving Canada was more than $25,000, excluding the properties the form lists (CRA Leaving Canada page; Form T1161 E (22), the current form).
  • Limits: Personal-use property (personalUsePropertyMinimum): an adjusted cost base or proceeds of disposition under $1,000 is considered to be $1,000; if both are $1,000 or less there's no gain or loss (CRA Completing Schedule 3).
  • Limits: Death benefits (deathBenefitExemption): up to $10,000 of all employer death benefits for a deceased employee is exempt, in total for all employers, years and recipients; the CPP or QPP death benefit isn't eligible (CRA, current page).
  • Limits: CPP/QPP lump sums (cppLumpSumPriorYears): if $300 or more of a lump-sum CPP or QPP payment relates to previous years, the CRA calculates the tax as if those parts were received in those years, if that's better for the taxpayer (CRA line 11400, tax year 2025).
  • Limits: Tradesperson's tools (tradespersonToolsMax): the deduction is the lesser of $1,000 and the cost of eligible tools (capped by trade employment income plus apprenticeship grants) minus a threshold (CRA line 22900, tax year 2025).
  • Limits: Employee gifts (employeeGifts): under the CRA's administrative policy, non-cash gifts and awards are tax-free up to $500 a year in total and a long-service award has its own $500 limit, including taxes; only the amount over a limit is taxable, and the unused part of one limit can't be used for the other (CRA, current page).
  • Limits: Retiring allowance (retiringAllowance): the eligible part is $2,000 for each year or part-year of service before 1996, plus $1,500 for each year or part-year before 1989 with no vested pension or DPSP benefits from employer contributions (CRA, current page).
  • Limits: Moving expenses (movingVacantHomeMax): the cost of maintaining the old home while vacant is deductible up to $5,000 in total (CRA line 21900, tax year 2025).
  • Limits: Automobile (automobile): per-kilometre figures are dollars a kilometre. Class 10.1 limit $38,000 for passenger vehicles acquired in 2025 and Class 54 limit $61,000 for zero-emission passenger vehicles (2023 to 2025), plus sales taxes; interest $350 a month for loans and leasing $1,100 a month for leases entered into on or after January 1, 2025 (Guide T4044 2025 and the CRA's CCA and motor vehicle pages). Allowance rates for 2025 from the CRA allowances page's table: $0.72 for the first 5,000 km and $0.66 after in the provinces, $0.76 and $0.70 in the territories (T4130 Rev. 25 gives the same provincial rates, 72¢ and 66¢, and an additional 4¢ a kilometre in the Northwest Territories, Yukon and Nunavut). Operating expense benefit for 2025: 34¢ a kilometre of personal driving, 31¢ for employees employed mainly selling or leasing automobiles (T4130 Rev. 25; Automobile provided by the employer).
  • Limits: RRIF minimum amount factors (rrifMinimum) and the tax withheld on RRSP withdrawals and RRIF amounts above the minimum (withholding) carry their own meta with sources and notes; their sources are also listed above.

2026 tax year

Contribution limits

Your RRSP limit is the smaller of the dollar limit and the share of last year’s earned income, plus any unused room.

LimitAmount
RRSP dollar limit$33,810
RRSP: share of last year’s earned income18%
TFSA annual limit$7,000
FHSA annual limit$8,000
FHSA lifetime limit$40,000

OAS clawback

If your net income is above the threshold, you repay part of your Old Age Security pension (the OAS recovery tax).

LimitAmount
Repayment starts above (net income)$95,323
Repayment rate on income above that15%

Sources

Notes

  • Limits: RRSP dollar limit $33,810 applies to the 2026 deduction limit (based on 2025 earned income). The 2027 limit is $35,390 (CRA).
  • Limits: OAS: the 2026 threshold ($95,323) is from the CRA indexation table and the Service Canada recovery tax page; Service Canada notes the upper (full-recovery) thresholds for the current year are estimates until October.
  • Limits: RRSP: the deduction limit for a year is generally 18% of the previous year's earned income, up to that year's RRSP dollar limit, less the pension adjustment, plus unused room carried forward (CRA). Only the dollar limit and the 18% rate are stored here.
  • Limits: FHSA: participation room is $8,000 in the year the first FHSA is opened; up to $8,000 of unused room carries forward one year, and lifetime contributions are capped at $40,000 (CRA).
  • Limits: OAS recovery tax: 15% of net income above the threshold, up to the full OAS pension received (Service Canada / CRA line 23500).
  • Limits: GST/HST small supplier threshold: $30,000 of worldwide taxable supplies (including associates) in a single calendar quarter or over the previous four consecutive calendar quarters, for most businesses (CRA).
  • Limits: Lifetime capital gains exemption (capitalGainsExemption): $1,275,000 for 2026 (deduction limit $637,500), from the CRA indexation table, which notes that indexation of the exemption resumes in 2026. It builds on the 2025 limit of $1,250,000, which the CRA still describes as coming from proposed changes. The CRA line 25400 page and Form T657 still cover 2025 only.
  • Limits: Instalments (instalments): individuals pay CRA instalments for 2026 when net tax owing is more than $3,000 ($1,800 for Quebec residents) for 2026 and for either 2025 or 2024 (CRA Who has to pay). Quebec residents pay Quebec instalments to Revenu Québec separately (quebec.json).
  • Limits: Security options (securityOptions), foreign property (foreignProperty), death benefits (deathBenefitExemption), employee gifts (employeeGifts) and retiring allowances (retiringAllowance) come from current, undated CRA pages that state the rule as it stands; emigrantPropertyThreshold comes from the CRA Leaving Canada page and the current Form T1161 E (22), which isn't tied to a tax year.
  • Limits: Restricted farm loss, the personal-use property minimum, the CPP/QPP lump-sum amount, the tradesperson's tools maximum and the vacant-home moving cost maximum are TODO: the only CRA sources (Guide T4002, Completing Schedule 3, and the line 11400, 22900 and 21900 pages) cover tax year 2025.
  • Limits: Automobile (automobile): per-kilometre figures are dollars a kilometre. Allowance rates for 2026 from the CRA allowances page's table: $0.73 for the first 5,000 km and $0.67 after in the provinces, $0.77 and $0.71 in the territories. Operating expense benefit for 2026: $0.34 a kilometre, $0.31 for employees employed mainly selling or leasing automobiles (CRA Automobile provided by the employer). The 2026 Class 10.1 and Class 54 cost limits and the interest and leasing limits are TODO: the CRA's pages and Guide T4044 (2025) give them only up to 2025. (The Classes of depreciable property page words the Class 54 prescribed amount as $61,000 for vehicles acquired after December 31, 2022, with no end year, but its Class 10.1 limits stop at 2025, and Guide T4044 (2025) gives the Class 54 limit for 2023 to 2025 and says it will be reviewed annually, so no CRA page sets it for 2026.)
  • Limits: RRIF minimum amount factors (rrifMinimum) and the tax withheld on RRSP withdrawals and RRIF amounts above the minimum (withholding) carry their own meta with sources and notes; their sources are also listed above.