It’s time: RRSPs and TFSAs

The Independent

By Ian Ardill

It’s contribution time!  Reach out for support in making contributions.

The deadline for making your 2024 RRSP contribution is March 3rd.  The limit for 2025 is 18% of the “earned income” reported on your tax return in the previous year, up to a maximum of $32,490.  For 2024, the limit was $31,560.

The contribution limit for TFSAs in 2025 is $7,000, same as in 2024.  Your total contribution room, if you have not contributed since inception of the TFSA in 2009, is $102,000, all of which grows tax-free.

Ian Ardill, B.A., M.T.S.
Wealth Advisor
CEO, Ardill Group

Direct: 1 905 769 2004
Office: 1 905 907 7000
ian@ardillgroup.com

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