Like every year, it is time to highlight some important financial figures for 2026.
TFSA contribution limit: The maximum contribution limit for tax-free savings accounts remains $7,000 this year. This brings the total cumulative lifetime contribution room to $109,000 for eligible investors. TFSAs provide a valuable tax benefit that all investors should take advantage of. In the past, we’ve discussed how powerful a tool these accounts have become in our article: The Startling Difference Between Using Your TFSA for Investing vs. Savings.
RRSP contribution limit: The maximum you can add to your registered retirement savings plan this year is the lesser of 18% of your 2025 earned income or $33,810 (unless, of course, you have unused contribution room from previous years).
If you’re not sure which account is best for you, try our TFSA vs RRSP Calculator can help.
FHSA contribution limit: For those who have opened a First Home Savings Account, you can contribute $8,000 in 2026. If you opened one of these accounts in previous years and did not maximize your contribution, you can carry over up to $8,000 of unused contribution room into this year. For a refresher on the rules and benefits of these accounts, check out our guide.
As a reminder, you can contribute to your accounts with us by calling 1-888-888-3147 between 7am and 5pm PT, Monday through Friday. We can transfer funds electronically from the bank account we have on file to your Steadyhand accounts.
#Important #TFSA #RRSP #FHSA #Numbers