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)
Registered Retirement Savings Plans (RRSP) and Registered Retirement Income Funds (RRIF)
Tax-free Savings Accounts (TFSAs)
General
2024-02-28
The Canada Revenue Agency’s Registered Plans Directorate is creating a secure portal that will allow the deferred income and savings plans industry to view and modify plan information, submit documents, open new accounts and more. This newly created secure portal will be available on Canada.ca.
A workshop is being planned to inform the deferred income and savings plans industry of this secure portal and give the industry the opportunity to provide input on portal’s usability and services offered. Your feedback is important to us and will help us provide better services.
We are currently soliciting interest from the sector representatives to participate in the workshop. If you would like to participate and provide the Registered Plans Directorate with your input, please send an email to RPD.LPRA2@cra-arc.gc.ca with the subject line "Registered Plan Portal" by March 31.
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.
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.
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.
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.
Registered Investments (RIs)
2024-09-24
The CRA has published the list of Registered Investments as of December 31, 2023.
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.
Registered Retirement Savings Plans (RRSP) and Registered Retirement Income Funds (RRIF)
2024-02-12
The Canada Revenue Agency (CRA) has updated Information Circular, IC72-22R10, Registered Retirement Savings Plans, to provide current information for issuers who wish to offer registered retirement savings plans (RRSP) to the public. Included in this update is the requirement for RRSP contribution receipt information to be sent via XML. In addition, the CRA no longer requires the signature of an authorized individual to be included on the contribution receipt provided to annuitants.
Tax-free Savings Accounts (TFSAs)
2023-11-29
The CRA announces that the 2024 TFSA dollar limit will be $7,000.
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