Money Facts 2025
Your handy guide to contribution limits, tax rates and government pension benefits.
RRSP 1 Contribution Limits*
| TAX YEAR | LIMIT | INCOME REQUIRED |
|---|---|---|
| 2025 | $32,490 | $180,500 |
| 2024 | $31,560 | $175,333 |
| 2023 | $30,780 | $171,000 |
| 2022 | $29,210 | $162,278 |
| 2021 | $27,830 | $154,611 |
| 2020 | $27,230 | $151,278 |
TFSA 1 Contribution Limits
| TAX YEAR | LIMIT | CUMULATIVE LIMIT |
|---|---|---|
| 2025 | $7,000 | $102,000 |
| 2024 | $7,000 | $95,000 |
| 2023 | $6,500 | $88,000 |
| 2022 | $6,000 | $81,500 |
| 2021 | $6,000 | $75,500 |
| 2020 | $6,000 | $69,500 |
Marginal Tax Rates 2
2025 FEDERAL
| TAXABLE INCOME | TAX RATE |
|---|---|
| $0 to $16,129 | 0.00% |
| $16,130 to $57,375 | 15.00% |
| $57,376 to $114,750 | 20.50% |
| $114,751 to $177,882 | 26.00% |
| $177,883 to $253,414 | 29.00% |
| $253,415 & Over | 33.00% |
* For provincial tax rates click here.
CPP Benefits 3
ANNUAL
| BENEFIT | MAX AMT @ JAN 2025 | AVG AMT @OCT 2024 |
|---|---|---|
| Retirement | $17,196 | $9,698 |
| Disability | $20,079 | $14,237 |
| Survivor (under 65) | $9,251 | $6,335 |
| Survivor (65 & over) | $10,318 | $3,908 |
| Child | $3,621 | $3,529 |
| Death | $2,500 | $2,500 |
OAS Pension 3
| MAX PENSION @ JAN 2025 | CLAWBACK STARTS @ NET INCOME OF: | CLAWBACK ENDS @ NET INCOME OF: |
|---|---|---|
| $8,732 (Age 65 to 74) | $93,454 | $151,668 |
| $9,605 (Age 75 & over) | $93,454 | $157,490 |
Contact us to discuss your financial plan.
Sources:
Please consult your financial advisor on how it relates to your situation. *The RRSP contribution limit varies by individual.
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