Retirement Plan Contribution Limits

 
2004
2005
2006
2007
2008
2009
2010
2011
Registered Retirement Savings Plan*
               
Maximum contribution
$15,000
$16,500
$18,000
$19,000
$20,000
$21,000
$22,000
Indexed
Earned income
86,111
97,667
100,000
105,555
111,111
116,667
122,222
                 
Money Purchase Regidtered Pension Plan*
               
Maximum contribution
16,500
18,000
19,000
20,000
21,000
22,000
Indexed
Indexed
Pensionable earnings
91,667
100,000
105,555
111,111
116,667
 122,222    
                 
Deferred Profit Sharing Plan*
         
Maximum contribution
8,250
9,000
9,500
10,000
10,500
11,000
Indexed
Indexed
Pensionable earnings
45,833
50,000
52,777
55,555
58,333
61,111
 

Notes

a The 2005 federal budget increased the maximum registered savings plan (RRSP) contribution limit for the years 2007 to 2010 as summarized in the table. For 2011 and later years, the RRSP contribution limit will be indexed based on the average wage growth.

The RRSP contribution room for a particular year is equal to the lesser of 18% of the previous year's earned income and the current year's maximum contribution plus any carryforward room. The maximum contribution limit is reached when the previous ear's earned income exceeds the amount shown in the table.

b The 2005 federal budget increased the maximum money purchase registered pension plan (RPP) contribution limit for the years 2006 to 2009 as summarized in the table. For 2010 and later years, the RPP contribution limit will be indexed based on the average wagge growth.

The RPP contribution room for a particular year is the equal lto the lesser of 18% of the pensionable earnings for the year and current year's pensionable earnings exceeds amount shown in the table.

The 2005 federal budget increased the maximum deffered profit sharing plan (DPSP) contribution limit for the years 2006 to 2009 as summarized in the table. For 2010 and later years, the DPSP contribution limit will be indexed based on the average wage growth.

The DPSP contribution room foa a particular year is equal to the lesser of 18% of the pensionable earnings for the year and the current year's maximum contribution limit. The maximum contribution limit is reached when the current year's pensionable earnings exceeds the amount shown in the table. The DPSP limit is one-half of the RPP limit.