What's new

On this page, you will find links to information recently posted to this site. The links are presented according to plan type.

For documents from previous years, please visit the What's new archive.

General
Registered Pension Plans (RPPs)
First Home Savings Account (FHSA)
Registered Disability Savings Plans (RDSPs)
Registered Education Savings Plans (RESPs)
Registered Investments (RIs)
Tax-free Savings Accounts (TFSAs)

General

2023-11-29
The CRA announces that the 2024 Advanced life deferred annuity (ALDA) dollar limit will be $170,000.

2023-11-27
Important notice concerning our mailing address

Due to a building refit spanning multiple years, the Registered Plans Directorate’s mailing address has been temporarily changed. Please use the following address for all correspondence until further notice:

By mail and courier

Registered Plans Directorate
Canada Revenue Agency
2215 Gladwin Cres
Ottawa ON  K1B 4K9

In the coming weeks, the Canada Revenue Agency webpages and publications will be updated to reflect this address change.

2023-11-01
The Canada Revenue Agency announces that the 2024 money purchase (MP) limit will be $32,490, the 2024 defined benefit (DB) limit will be $3,610.00, the 2025 registered retirement savings plan (RRSP) limit will be $32,490, the 2024 deferred profit sharing plan (DPSP) limit will be $16,245, the 2024 year’s maximum pensionable earnings (YMPE) will be $68,500 and the 2024 year's additional maximum pensionable earnings (YAMPE) will be $73,200.

2022-11-17
The CRA announces the 2023 Advanced life deferred annuity (ALDA) dollar limit.

2022-11-01
The Registered Plans Directorate announces that the 2023 money purchase (MP) limit will be $31,560, the 2023 defined benefit (DB) limit will be $3,506.67, the 2024 registered retirement savings plan (RRSP) limit will be $31,560, the 2023 deferred profit sharing plan (DPSP) limit will be $15,780 and the 2023 year’s maximum pensionable earnings (YMPE) will be $66,600.

Registered Pension Plans (RPPs)

2023-06-29
The Canada Revenue Agency has published information about Permitted Corrective Contributions (PCC) and Pension Adjustment Corrections (PAC) for money purchase (MP) registered pension plan administrators (RPPs).

PCCs provide more flexibility to plan administrators of MP RPPs to correct for under contributions to a MP RPP. A PAC will restore a member’s RRSP deduction limit where over-contributions are returned to the contributor.

2023-06-15
The CRA has updated the instructions of the Form T1200, Actuarial Information Summary, to include additional lines under sections S and U.The CRA has updated the instructions of the Form T1200, Actuarial Information Summary, to include additional lines under sections S and U.

2022-11-25
The CRA has updated Newsletter no. 09-1, Administrative Relief Procedures for Retroactive Lump-Sum Catch-Up Payments.

2022-11-15
The CRA has updated the T4104 Past Service Pension Adjustment Guide. The guide has been updated primarily to provide more current year examples as well as explain the change in legislation related to the PSPA calculation for individual pension plans (IPPs).

2022-03-18
The Registered Plans Directorate has updated the instructions to line 101 of the Form T1200, Actuarial Information Summary.

First Home Savings Account (FHSA)

2023-02-13
The Canada Revenue Agency has published information about the first home savings account (FHSA). Financial institutions who wish to offer FHSAs to the public (known as issuers) need to submit an application package to the Registered Plans Directorate for approval.

The Government of Canada introduced the FHSA as a way for first-time home buyers to save up to $40,000 for a down payment. The FHSA allows up to $8,000 in annual contributions, which are tax-deductible. FHSA withdrawals used to purchase a first home are non-taxable.

For additional information concerning the FHSA, contact the Directorate.

Registered Disability Savings Plans (RDSPs)

2023-11-15
The Canada Revenue Agency has updated Information Circular IC99-1R4 - Registered Disability Savings Plan, the Sample pro forma – Declaration of Trust, RDSP Bulletin 3R3 and Register an RDSP. These updates relate to changes made to the RDSP legislation in Federal Budgets 2019 and 2023. An RDSP can remain open when the plan beneficiary is no longer eligible for the DTC. An RDSP can be transferred to another RDSP for the beneficiary even if the beneficiary is not DTC eligible. Qualifying family member rules are extended to the end of 2026. A brother or sister of an RDSP beneficiary can now be a qualifying family member.

2022-11-15
The CRA has updated Information Circular IC99-1R3 - Registered Disability Savings Plan, the Sample pro forma – Declaration of Trust, and RDSP Bulletins 1R1, 3R2, and 4R2. These updates relate to changes made to the RDSP legislation in Federal Budget 2019. An RDSP is no longer required to close if an RDSP beneficiary loses their eligibility for the disability tax credit (DTC).

Registered Education Savings Plans (RESPs)

2023-11-29
The CRA has updated RESP Bulletin No. 1R3 to include the annual educational assistance payment threshold limit for 2024 to be $28,122.

2023-10-10
The CRA has published information about Corrections for transaction errors under an RESP. This information is a guide on the types of transactions that can be reversed or corrected as well as what is required to make a correction under an RESP. 

2023-08-02
The Canada Revenue Agency (CRA) has updated RESP Bulletin No. 1R3 to include changes to the educational assistance payment limits introduced in Federal Budget 2023 as well as to provide clarification on CRA audit requirements. 

2022-11-15
The CRA has updated RESP Bulletin No. 1R2 to include the annual educational assistance payment threshold limit for 2023, and add guidelines to help promoters determine the reasonableness of education assistance payments above the annual threshold.

2022-11-10
Education Savings Week is November 13-19, 2022. 

When it comes time for children to head out to college or to university, the financial aspect can be a burden and a source of stress for both students and parents. Alleviating this pressure by helping parents, especially those with modest incomes, plan for their child’s future is a key objective of Education Savings Week (ESW).

ESW raises public awareness through events about the importance of saving for a child’s post-secondary education. It also helps Canadians better understand the financial savings incentives that are available to them.

For more information on RESPs, the Canada education savings grant, the Canada learning bond and provincial grants, visit canada.ca/education-savings.

Registered Investments (RIs)

2023-11-06
Starting in 2023, the list of all registered investments (RIs) as of December 31 of the preceding year will be published on the Canada Revenue Agency’s website each year and will no longer be published in the Canada Gazette. For more information, see Lists of registered investments.

2022-08-10
The Registered Plans Directorate has updated the list of Registered Investments available in the Canada Gazette as of December 31, 2021.

Tax-free Savings Accounts (TFSAs)

2023-11-29
The CRA announces that the 2024 TFSA dollar limit will be $7,000.

2022-11-17
The CRA announces the 2023 TFSA dollar limit.