The CRA has confirmed that the Tax-Free Savings Account (TFSA) limit for 2024 will be $7,000, up from $6,500 in 2023. The TFSA contributions can be made January 1, 2024 onward.
The 2024 Registered Retirement Savings Plan (RRSP) limit will be the lower of $31,560 or 18% of earned income.