Harvest Portfolios Group

RRSP Dollar Limit for 2023 | ETFs

November 2, 2022
RRSP Dollar Limit for 2023 | ETFs

Registered Retirement Savings Plans (RRSPs) are a widely used retirement vehicle for Canadians. Contributions to an RRSP are tax-deductible while they remain in the account. This allows Canadians to defer some tax while they save for their retirement.

The maximum RRSP contribution limit is set each year at 18% of your earned income from the previous tax year up to a hard maximum. In 2021 the maximum allowable contribution for all Canadians by the CRA was $27,830. The maximum allowable contribution in 2022 was $29,210. Any unused contribution amounts can be carried forward.

What is the RRSP limit for 2023?

The RRSP dollar limit has been set at $30,780.

What can be held in an RRSP?

RRSPs can hold a wide range of securities as well as cash. All of the ETFs offered by Harvest ETFs are RRSP eligible. Harvest equity income ETFs and enhanced equity income ETFs can pay income inside a registered account or RRSP, which can help contribute to total returns. The income paid by these ETFs can be of particular use when an RRSP holder turns 71 and their RRSPs turn into Registered Retirement Income Funds (RRIFs -all Harvest ETFs are also RRIF eligible) which are subject to a mandatory withdrawal schedule. Learn about how equity income can help offset RRIF withdrawals here.

To find out how your clients can benefit from these equity income solutions call 1.866.998.8298.

For more on Harvest Equity Income ETFs please visit

Equity Income ETFs

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