The following table shows the maximum annual RRSP contribution limit.
| Year | Contribution Limit |
|---|---|
| 2014 | $24,270 |
| 2013 | $23,820 |
| 2012 | $22,970 |
| 2011 | $22,450 |
| 2010 | $22,000 |
Your allowable RRSP contribution for the current year is the lower of:
-
- 18% of your earned income from the previous year, or
- The maximum annual contribution limit for the taxation year, or
- The remaining limit after any company sponsored pension plan contributions.