Use our RRSP contribution limit calculator below to find your exact number for this year. TL;DR RRSP contribution rules, explainedEvery year, the government announces the annual contribution limits for RRSP accounts.Your RRSP contribution limit is based on your previous year’s income and past contribution amount.If you don’t fully contribute to your RRSP, you can carry over the limit and contribute more than what’s allowed for the following year.If you’re part of an employer pension plan, your RRSP contribu ...

Add in the initial $1,000 government seed money — or $250 for eligible families receiving the Dell gift — and the compound growth potential is substantial.If the account is left untouched without additional contributions, it could balloon to $2.2 million in assets by the time the beneficiary reaches age 60.The math looks compelling on paper. A family contributing the maximum $5,000 annually with a 6% growth rate could see the account reach roughly $191,000 by the time their child hits 18 , according to the ...