New: Discover our next-generation human resources management solution Nethris Evo - Pension adjustment (PA) and RRSP limits
| Pension adjustment (PA) and RRSP limits | 2024 |
|---|---|
| Defined Contribution Registered Pension Plan (DCRPP) | $32,490.00 |
| Defined Benefit Registered Pension Plan (DBRPP) | $31,890.00 |
| Deferred Profit Sharing Plan (DPSP) (half of the DCRPP) | $16,245.00 |
| RRSP/PRPP/VRSP (18% of the year's maximum earnings) | $31,560.00 |
RPP: Registered Pension Plan
RRSP: Registered Retirement Savings Plan
DPSP: Deferred Profit Sharing Plan
VRSP: Voluntary Retirement Savings Plan
YMPE: Year's Maximum Pensionable Earnings
PRPP: Pooled Registered Pension Plan
At Nethris, our goal is to help Canadian companies keep up with rapidly changing legislation and to understand the impact of certain governmental requirements on payroll and human resources management. However, the information on this page is intended as a guideline. In the event of a discrepancy between the content of this page and the information provided by official agencies, the latter always takes precedence. Nethris is not responsible for errors and omissions that may be on this page nor for consequences resulting from its use.