Is there an RRSP contribution limit in 2024?

Yes. This limit corresponds to your RRSP contribution room, which is indicated on your federal notice of assessment.

This limit corresponds to your RRSP contribution room, which represents 18% of your income earned in the previous year or the annual contribution limit for the current year, i.e. $31,560 in 2024.

However, if you participate in an employer pension plan, your contribution room will be reduced by the amount of your pension adjustment. Usually, this represents the amount you and your employer contributed to your pension plan during the year.

If a portion of your contribution room from past years has not been used, it gets added to your contribution room for the following years.

Consult your Canada Revenue Agency notice of assessment to find out your contribution room. 

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

1-800-567-3663
Legal Notes
Please read the prospectus before subscribing to shares of the Fonds de solidarité FTQ. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.