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Structured Notes Guide
Learn about structured notes as an alternative investment strategy.
Read Structured Notes GuideKey Dates for 2025 Contributions
Mar 2, 2026
RRSP deadline for 2025 tax year
Dec 31, 2025
TFSA, FHSA, RDSP deadline for 2025
Dec 30, 2025
RESP contribution deadline for 2025 grants
Age 71
Final RRSP year; convert by Dec 31
Get Your Personalized TFSA Strategy
Maximize your TFSA contribution room with expert guidance tailored to your financial situation. Book a confidential consultation with our wealth management team.
RRSP (Registered Retirement Savings Plan)
$33,810
2026 Maximum Contribution
How it works: 18% of your 2025 earned income OR $33,810, whichever is less, plus any unused contribution room from previous years. Verify current RRSP limits at Canada.ca - RRSP Limits.
Grace period to Mar 2, 2026 for 2025 deduction
$2,000 overcontribution buffer; 1%/month beyond
Pension adjustment reduces room if you have workplace pension
Home Buyers' Plan: $60,000 per person ($120,000 per couple)
Smart Strategy: Defer claiming deductions to higher-income years; consider spousal RRSP for income splitting.
Maximize Your RRSP ContributionsGet expert guidance on RRSP contribution strategies, deadline planning, and tax optimization.
Get RRSP StrategyQuick Reference: Max Room if Never Contributed
TFSA: About $102,000 total room (if eligible since 2009 and never contributed; exact amount depends on eligibility years).
FHSA: $40,000 lifetime (5 x $8,000), with up to $8,000 carry-forward.
RESP: $50,000 lifetime per child (no annual limit; $2,500/yr maximizes grants).
RDSP: $200,000 lifetime (grants/bonds subject to income tests).
RRSP: See your CRA Notice of Assessment for exact room; depends on 18% of prior-year earned income minus pension adjustment, plus carry-forward.
Related Planning
TFSA (Tax-Free Savings Account)
$7,000
2026 Annual Limit
Total room available: Up to $102,000 if you've been eligible since 2009 and never contributed (annual limits accumulated).
Withdrawals are completely tax-free
Contribution room restored the following year after withdrawals
1% per month penalty on overcontributions (no buffer like RRSPs)
Historical TFSA Limits
2026$7,000
2025$7,000
2023$6,500
2022$6,000
2021$6,000
2020$6,000
Optimize Your TFSA Strategy for 2026
With $7,000 annual limit and up to $102,000 total room, strategic TFSA planning can significantly impact your wealth. Our experts help high-net-worth families maximize tax-free growth. Verify current TFSA limits at Canada.ca - TFSA Limits.
RESP (Registered Education Savings Plan)
$50,000
Lifetime Maximum per Child
Annual strategy: Contribute $2,500 per year to maximize government grants ($500 CESG match).
Basic CESG: 20% match on first $2,500 = $500 per year
Lifetime maximum grants: $7,200 per child
2026 Update: Students can withdraw up to $8,000 in first 13 weeks (was $5,000)
Must contribute before child turns 17 to receive grants
Smart Strategy: Start early with $2,500 annually, or consider lump sum of $16,500 upfront then $2,500 annually.
Optimize Your RESP StrategyMaximize government grants and plan for your child's education with expert RESP guidance.
Get RESP AdviceFHSA (First Home Savings Account)
$8,000
Annual Limit
Lifetime maximum: $40,000 with ability to carry forward up to $8,000 of unused room.
Tax-deductible contributions like RRSP
Tax-free growth like TFSA
Tax-free withdrawals for qualifying home purchases
Open by Dec 31, 2025 to capture both 2025 and 2026 room ($16,000 total); if you’ve never contributed, total lifetime room is $40,000.
Smart Strategy: Both spouses can have separate FHSAs for the same home purchase, and you can use RRSP Home Buyers' Plan alongside FHSA.
RDSP (Registered Disability Savings Plan)
$200,000
Lifetime Maximum
Eligibility: For someone eligible for the Disability Tax Credit (DTC).
Government grants: Up to $3,500 per year, $70,000 lifetime
Government bonds: Up to $1,000 per year for low-income families (no contribution required)
Matching rates depend on family income (1:1 to 3:1)
Can catch up 10 years of missed grants/bonds
Smart Strategy: Coordinate family contributions to maximize grants and bonds based on income thresholds.
Need Help Maximizing Your Registered Accounts?Get personalized guidance on RRSP, TFSA, RESP, and FHSA strategies tailored to your situation.
Get Expert AdviceCurrent Registered Account Limits at a Glance (Updated for 2026)
Account
Annual
Lifetime
Tax Deduction
Tax on Withdrawal
RRSP
$33,810*
—
Yes
Yes
TFSA
$7,000
—
No
No
RESP
No limit**
$50,000
No
Partial***
FHSA
$8,000****
$40,000
Yes
No (home)
RDSP
No limit*****
$200,000
No
Partial******
Footnotes:
- * Plus carry-forward room from previous years
- ** $2,500/year maximizes government grants
- *** Only grants and growth are taxable (to student)
- **** Plus up to $8,000 carry-forward
- ***** Contribute only what maximizes government grants
- ****** Only grants and growth portions are taxable
Ready to Optimize All Your Registered Accounts?
Now that you understand the 2026 limits, let our wealth management experts create a personalized strategy to maximize your RRSP, TFSA, RESP, FHSA, and RDSP contributions. Book a confidential consultation to get started.
Action Items for 2025–2026
Before Mar 3, 2025
Finalize 2024 RRSP Contributions
- Make final RRSP contributions for 2024 tax year
- Check your Notice of Assessment for available RRSP room
Before Dec 31 each year
Maximize Annual Contributions
- Maximize TFSA contribution ($7,000 + unused room)
- Contribute $2,500 to RESP for maximum government grants
- Open FHSA if you're a first-time home buyer
- Make RDSP contributions if eligible
Year-Round
Ongoing Planning
- Set up automatic contributions to make saving easier
- Check your CRA My Account for contribution room updates
- Review investment options within your accounts
📋 Official Government Resources
For complete and authoritative information on registered accounts, refer to the official Government of Canada resources:
Canada Revenue Agency
Official CRA guidance on all registered retirement and savings plans
Visit CRA Official GuideWhere to Find Your Contribution Room
CRA My Account
Most accurate and up-to-date information online
Notice of Assessment
Mailed after filing your taxes
Call CRA
Tax Information Phone Service
Financial Institution
They can help check most accounts
Ready to Take Action?
Now that you understand your current contribution limits, it's time to put this knowledge into action. The earlier you start, the more you can benefit from compound growth and government grants.
Important Disclaimer: This guide provides general information only. For specific tax advice and personalized financial planning, consult a qualified financial advisor or tax professional. Always verify current rules and limits with the official CRA guidance.
Ready to optimize your registered accounts? Contact our wealth management team for personalized guidance.
