TFSA room holds at $7,000 for 2026. RRSP limit climbs to $33,810.
The TFSA annual contribution limit stays at $7,000 for 2026, the third consecutive year at that level. If you have been eligible since the program began in 2009 and never contributed, your cumulative room is now $109,000. New room became available on January 1, 2026.
The RRSP dollar limit for 2026 rises to $33,810, up from $32,490 in 2025. Your personal limit is the lesser of that figure and 18 percent of your 2025 earned income, plus any unused room carried forward. A workplace pension adjustment reduces it further.
Which account first? As a rule of thumb, the TFSA wins when your income is modest or you expect a higher tax bracket later. The RRSP wins when you are in a high bracket today and expect a lower one in retirement, because the deduction is worth more now.
One caution: TFSA overcontributions attract a 1 percent per month penalty tax, and withdrawals only restore room on January 1 of the following year. Check your room on CRA My Account before making a large deposit, or ask us to confirm it as part of your annual review.
This article is general information based on published CRA figures and is not tax, legal or financial advice. Confirm details for your situation before acting.