The Federal Government has announced the annual limits for registered plans and RRSPs for 2024. They are as follows:
|
Plan Type |
Annual Limit 2023 |
Annual Limit 2024 |
|
Defined Contribution (DC) or Money Purchase RPP |
$31,560.00 |
$32,490.00 |
|
Defined Benefit (DB) RPP
|
$3,506.67 $30,960.00 |
$3,610.00 $31,890.00 |
|
Deferred Profit Sharing Plan (DPSP) |
$15,780.00 |
$16,245.00 |
|
Registered Retirement Savings Plan (RRSP) |
$30,780.00 |
$31,560.00 |