The Canada Revenue Agency (CRA) has released updated pension limits and CPP earnings ceilings for 2027. The Year’s Maximum Pensionable Earnings (YMPE) will increase to $76,700, up approximately 2.8% from $74,600 in 2026.
The Year’s Additional Maximum Pensionable Earnings (YAMPE), or second earnings ceiling, will increase to $87,400, compared with $85,000 in 2026.
2027 Pension and Retirement Savings Limits
The following table summarizes the limits for 2027 alongside the corresponding 2026 amounts:
| Limit | 2026 | 2027 |
|---|---|---|
| Money Purchase (MP) | $35,390 | $36,390 |
| Defined Benefit (DB) | $3,932.22 | $4,043.33 |
| RRSP dollar limit | $33,810 | $35,390 |
| Deferred Profit Sharing Plan (DPSP) | $17,695 | $18,195 |
| YMPE | $74,600 | $76,700 |
| YAMPE | $85,000 | $87,400 |
The CRA has also confirmed the 2028 RRSP dollar limit of $36,390. The 2027 TFSA and Advanced Life Deferred Annuity (ALDA) limits have not yet been published in the CRA’s table as of October 29, 2026.
Preparing for the New Year
As part of their annual preparation, plan sponsors and administrators should review applicable limits in their administration systems, calculation processes, and member communications to ensure they are ready for 2027.
For government rates and helpful reference materials, visit the Penad Rates Page.
The complete limits table is available on the CRA website.