RSW is pleased to provide you with the following information in connection with the Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA). The purpose of this update is to assist you with any financial planning you may consider undertaking.
RRSP
- Maximum contribution limit for 2018 $26,230
- Deadline for 2018 contributions March 1, 2019
- Your contribution limit for 2018 – Noted on your 2017 Federal Notice of Assessment
- Maximum contribution limit for 2019 $26,500
TFSA
- Contribution limit for 2019 $6,000
- Cumulative contribution limit from 2009 to 2019 $63,500
The rules regarding RRSP and TFSA contributions can be very complex, we suggest that you contact your RSW advisor if you would like to discuss your particular situation further.