The Globe and Mail

The Canada Revenue Agency (CRA) imposes an annual limit on how much you can deposit into your registered retirement savings plan account. The limit is calculated as a percentage of your previous year’s income, up to a maximum amount that is set by the government each year. Use this calculator to determine your current contribution limit and the potential tax savings.

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RRSP Limit

Build your Knowledge

How much money to save yearly to retire comfortably

Why this common retirement savings rule doesn’t hold up

Here is how much money you need to retire

Will I be poor and miserable in retirement? Likely not

Accountants 101: Do I need professional help to file my income taxes?

Income taxes 101: How to file your taxes in Canada

More from Retirement

Mark earns $370,000 per year. Lois earns $30,000. How can they use that big income disparity to their financial advantage?

A divorce between 40 and 55 can delay retirement by as much as 10 years. Here’s how to best plan your finances

Can Lynn, 38, and Wyatt, 31, afford to move their family to a better school district?

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Mark earns $370,000 per year. Lois earns $30,000. How can they use that big income disparity to their financial advantage?

Mortgage rule changes for new homebuyers, the Home of the Week and more top real estate stories

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Globe readers weigh in on putting extra funds in a TFSA or mortgage

Consider different options to solve a holding company double-tax problem