🇨🇦 Canada / Retirement Rates

Canada Retirement Rates & Limits 2026

Official rates sourced from Canada Revenue Agency, RRSP, TFSA limits 2025, Service Canada CPP/OAS.

Last updated: 2026-06-27

Current Rates

Parameter	Value
Cpp Max Monthly Pension 2025	1,433
Oas Max Monthly Pension 65 2025	718.33
Oas Max Monthly Pension 75 Plus 2025	790.16
Cpp Inflation Indexed	Yes

Rules & Limits

Parameter	Value
Rrsp Contribution Limit 2025	32,490
Rrsp Contribution Rate Of Income	18
Rrsp Contribution Limit Prior Year Income Max	180,833
Rrsp Maturity Age	71
Rrif Minimum Withdrawal Age 71 Percent	5.28
Tfsa Annual Limit 2025	7,000
Tfsa Cumulative Limit Since 2009	102,000
Tfsa Age Minimum	18
Lira Locked In To Age	71
Cpp Earliest Pension Age	60
Cpp Latest Pension Age	70
Oas Eligibility Age	65
Oas Deferral Max Age	70
Oas Clawback Threshold 2025	90,997
Resp Lifetime Limit	50,000
Cesg Max Per Year	500
Cesg Lifetime Max	7,200
Fhsa Annual Contribution Limit	8,000
Fhsa Lifetime Limit	40,000

Notes

›RRSP contributions reduce taxable income in the year contributed. The 2025 limit is $32,490 (18% of 2024 earned income, max $32,490). Unused room accumulates indefinitely. RRSP must be converted to RRIF or annuity by December 31 of the year you turn 71.
›TFSA contributions are not tax-deductible but all growth and withdrawals are completely tax-free, including dividends, capital gains, and interest. Unused contribution room accumulates since 2009 (when TFSAs launched). Withdrawn amounts restore room the following January 1.
›The First Home Savings Account (FHSA, launched 2023) combines RRSP and TFSA benefits for first-time home buyers: contributions are tax-deductible, growth is tax-free, and withdrawals for a qualifying first home are tax-free. Lifetime limit is $40,000.
›A RRIF (Registered Retirement Income Fund) is the drawdown vehicle for RRSPs. The minimum annual withdrawal is a percentage of the RRIF value (5.28% at 71, rising to 20% at 95). All withdrawals are taxed as income.
›RESP contributions attract the Canada Education Savings Grant (CESG) of 20% on the first $2,500/year ($500/year federal grant, maximum $7,200 lifetime). Low-income families may also qualify for the Canada Learning Bond.

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Parameter

Value

Cpp Max Monthly Pension 2025

1,433

Oas Max Monthly Pension 65 2025

718.33

Oas Max Monthly Pension 75 Plus 2025

790.16

Cpp Inflation Indexed

Yes

Rules & Limits

Parameter	Value
Rrsp Contribution Limit 2025	32,490
Rrsp Contribution Rate Of Income	18
Rrsp Contribution Limit Prior Year Income Max	180,833
Rrsp Maturity Age	71
Rrif Minimum Withdrawal Age 71 Percent	5.28
Tfsa Annual Limit 2025	7,000
Tfsa Cumulative Limit Since 2009	102,000
Tfsa Age Minimum	18
Lira Locked In To Age	71
Cpp Earliest Pension Age	60
Cpp Latest Pension Age	70
Oas Eligibility Age	65
Oas Deferral Max Age	70
Oas Clawback Threshold 2025	90,997
Resp Lifetime Limit	50,000
Cesg Max Per Year	500
Cesg Lifetime Max	7,200
Fhsa Annual Contribution Limit	8,000
Fhsa Lifetime Limit	40,000

Notes

›RRSP contributions reduce taxable income in the year contributed. The 2025 limit is $32,490 (18% of 2024 earned income, max $32,490). Unused room accumulates indefinitely. RRSP must be converted to RRIF or annuity by December 31 of the year you turn 71.

›TFSA contributions are not tax-deductible but all growth and withdrawals are completely tax-free, including dividends, capital gains, and interest. Unused contribution room accumulates since 2009 (when TFSAs launched). Withdrawn amounts restore room the following January 1.

›The First Home Savings Account (FHSA, launched 2023) combines RRSP and TFSA benefits for first-time home buyers: contributions are tax-deductible, growth is tax-free, and withdrawals for a qualifying first home are tax-free. Lifetime limit is $40,000.

›A RRIF (Registered Retirement Income Fund) is the drawdown vehicle for RRSPs. The minimum annual withdrawal is a percentage of the RRIF value (5.28% at 71, rising to 20% at 95). All withdrawals are taxed as income.

›RESP contributions attract the Canada Education Savings Grant (CESG) of 20% on the first $2,500/year ($500/year federal grant, maximum $7,200 lifetime). Low-income families may also qualify for the Canada Learning Bond.