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Contribution limits for the year 2025 and connected persons

Group Savings and Retirement October 16, 2025
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We strongly encourage registered plan sponsors to ensure, before the end of the year, that their plans’ contribution limits have been respected. If not, we invite them to contact us as soon as possible to rectify the situation this year and thereby avoid tax impacts and administrative procedures with the authorities concerned.

For registered plans, the limit is 18% of earned income1 up to a maximum. For 2025, the maximum amounts are:

  • Defined Contribution Registered Pension Plan (RPP): $33,810
  • Defined Benefit Registered Pension Plan (RPP): $3,756.67
  • Registered Retirement Savings Plan (RRSP): $32,490
  • Deferred Profit Sharing Plan (DPSP): $16,905
  • Tax-Free Savings Account (TFSA): $7,000
  • First Home Savings Account (FHSA): $8,000 for the year opened—for subsequent years, consult the CRA website

 

Connected persons of an employer in an RPP

Employers with staff who are connected persons participating in a registered pension plan (RPP) or a simplified pension plan (SPP) must report them to the Canada Revenue Agency (CRA) using Form T1007 - Connected Person Information Return. Employers must send this return to the CRA within 60 days of the date a connected person begins to participate in an RPP or an SPP.

The penalty for late filing is $25 per day for up to 100 days.

 

Related persons in a DPSP

It is illegal for an employer-related person to participate in a DPSP.

 

Since 1952, organizations wanting to go beyond traditional plan management have been able to rely on our group retirement savings experts across the country.

They benefit not only from their expertise, but also from service that provides unparalleled peace of mind and a strategic approach that turns their benefits into a competitive advantage.

1 Previous year’s earned income for RRSP and current year’s earned income for other registered plans.

 

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