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