CRA Announces 2026 Contribution Limits: What You Need to Know

The CRA has released the registered account limits for 2026. Here's what's confirmed and what it means for your financial planning.

TFSA: $7,000 again

The 2026 TFSA annual contribution limit stays at $7,000. This brings the cumulative lifetime room to $109,000 for anyone who has been eligible since the TFSA launched in 2009. If you're turning 18 in 2026, you'll get your first $7,000 of room on January 1.

RRSP: $33,810

The RRSP dollar limit for 2026 is $33,810, up from $31,560 in 2024. Remember, your actual room is 18% of your previous year's earned income, up to this maximum. Check your latest Notice of Assessment for your exact room.

FHSA: No changes

The FHSA contribution limit remains at $8,000 per year with a $40,000 lifetime maximum. If you opened your FHSA in 2023 and have been contributing the max, your cumulative limit for 2026 is $32,000. If you haven't opened one yet and you're eligible, you're losing carry-forward room every year you wait.

Federal tax brackets shifting

The big news for 2026 is the lowest federal tax bracket dropping to 14% (from the blended 14.5% in 2025). All bracket thresholds are also indexed upward for inflation. This means slightly more money in your pocket on every paycheque.

What to do now

Set up your 2026 contribution plan: how much goes to TFSA, RRSP, and FHSA? If you can only pick one, max the TFSA first. If you're buying a home in the next few years, prioritize the FHSA. If you're in a high tax bracket, consider the RRSP for the tax deduction.