CA 2028 RRSP Limit
CA 2028 RRSP: 18% × prior-year earned income up to $36,000 cap projected. Plus carry-forward unused room. Less Pension Adjustment if in employer DB plan.
| 2027 earned income | — |
| Annual cap | — |
| Pension Adjustment | — |
| Carry-forward | — |
| 2028 RRSP room total | — |
Canada 2028 RRSP contribution limit is 18% of 2027 earned income up to $36,000 (projected from $32,490 in 2025, ~$33,810 in 2026, $35k in 2027). Plus all unused carry-forward room from prior years. Less Pension Adjustment if you accrue benefits in employer Defined Benefit pension.
PA Reduction
Pension Adjustment (Box 52 on T4) reduces your RRSP room by employer pension benefit value. Defined Benefit pensions = large PA (often $15,000-$25,000) reducing RRSP room substantially. Defined Contribution = PA = total contributions. Many DB pension members find their RRSP room minimal.
Carry-Forward Unused Room
Unused RRSP room carries forward indefinitely. Many Canadians accumulate $50k+ unused over decades. Particularly useful for high-income years (bonuses, RSU vesting, sale of business) — use accumulated room to shelter spike income.
Spousal RRSP + HBP
Spousal RRSP: contribute to spouse's RRSP, attribution rules apply 3 years. Home Buyers' Plan: withdraw up to $35,000 ($60,000 from April 2024 Budget) for first home, repay over 15 years. LLP: lifelong learning withdrawal up to $20,000.
Last updated May 2026. Sources: CRA RRSP.