RRSP Dollar Limit for 2025 | ETFs

Date

November 21, 2024

Date

November 21, 2024

Date

November 21, 2024

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 2023 the maximum allowable contribution for all Canadians by the CRA was $30,780. The maximum allowable contribution in 2024 was $31,560. Any unused contribution amounts can be carried forward.

What is the RRSP limit for 2025?

The RRSP dollar limit has been set at $32,490.

What can be held in an RRSP?

RRSPs can hold a wide range of securities as well as cash. All 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:

Disclaimer

For Information Purposes Only. All comments, opinions and views expressed are of a general nature and should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage in personal investment strategies.

Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds, managed by Harvest Portfolios Group Inc. (the Fund(s)). Please read the relevant prospectus before investing. The indicated rates of return are the historical annual compounded total returns (except for figures of one year or less, which are simple total returns) including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into Class A, Class B or Class U units of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. Tax, investment and all other decisions should be made with guidance from a qualified professional.

The current yield represents an annualized amount that is comprised of 12 unchanged monthly distributions (using the most recent month’s distribution figure multiplied by 12) as a percentage of the closing market price of the Fund. The current yield does not represent historical returns of the ETF but represents the distribution an investor would receive if the most recent distribution stayed the same going forward.

Certain statements in the Harvest Insights are forward looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.