What is the tfsa contribution limit 2026 and when does it reset?

The tfsa contribution limit 2026 is $7,000 and it resets on January 1. Unused room carries forward, and withdrawals made in 2026 can only be recontributed starting January 1, 2027. Check your exact space in CRA My Account before contributing to avoid over-contribution penalties.

What is the RRSP limit 2026 and how is my room calculated?

The RRSP limit 2026 is $33,810. Your personal room is the lower of 18% of last year’s earned income or $33,810, minus any pension adjustment. Unused room carries forward. Your CRA Notice of Assessment shows your current space so you can set accurate monthly contributions.

How does the 14% federal starter rate affect TFSA versus RRSP?

With the first federal bracket at 14% for 2026, many lower and mid-income earners may prefer TFSA growth over a smaller RRSP deduction. Higher earners often benefit more from RRSP contributions now and potentially lower taxes on withdrawals later. Recheck as your income and goals change.

When is the RRSP deadline for 2026 taxes?

Contributions made during the first 60 days of 2027 can be claimed on your 2026 tax return. Many investors automate monthly deposits to reach targets without a cash crunch, then top up during the first 60 days if needed. Confirm limits in CRA My Account before contributing.

Global Market Insights

January 1: TFSA Limit Holds at $7,000 for 2026; RRSP Room Rises

ByHuzaifa Zahoor January 2, 2026January 2, 2026

The tfsa contribution limit 2026 remains $7,000, while the RRSP cap increases to $33,810. With CRA TFSA 2026 rules in effect today and Canada tax brackets 2026 starting with a 14% federal rate, Canadians can boost after-tax returns by acting early. We outline what changed, who benefits, and practical steps to allocate cash between TFSA and RRSP for 2026. Use this guide to set your January plan, reduce taxes, and keep more of your investment growth working for you all year.