As we welcome a new year, it’s the perfect time to revisit your financial goals, take advantage of updated contribution limits, and ensure your long‑term strategy still aligns with life’s evolving priorities. With new TFSA and RRSP limits in effect for 2026, it’s an ideal moment to reflect, reset, and reconnect with your Rothenberg wealth advisor.
1. 2026 contribution limits
TFSA Limit: $7,000 for 2026
The Tax‑Free Savings Account (TFSA) contribution limit for 2026 remains $7,000, matching 2024 and 2025. For Canadians who have been eligible since TFSAs were introduced in 2009, this brings the total cumulative room to $109,000.
RRSP Limit: $33,810 for 2026
The Registered Retirement Savings Plan (RRSP) 2026 contribution limit has increased to $33,810, up from $32,490 in 2025.
These limits give you the flexibility to grow wealth, either tax‑free (TFSA) or tax‑deferred (RRSP), as part of a thoughtfully structured financial plan.
2. A new year is the perfect time to reassess your goals
Financial planning isn’t static. As life evolves, so should your financial and investment strategy. Early in the year is an excellent opportunity to check whether your goals and contribution plans still make sense.
Here are some life changes that may prompt a review:
Career changes or promotions: Higher income may increase your RRSP contribution room and alter your tax planning needs.
Buying a home: You may need to reprioritize savings between RRSPs, TFSAs, and other accounts.
Growing your family: New dependants often mean updated insurance needs, RESP planning, and adjustments to cash flow.
Retirement planning updates: As you get closer to retirement, your investment strategy and RRSP withdrawal plan may shift.
Changes in financial priorities: New goals, such as starting a business, planning a major purchase, or taking a sabbatical, may require a refreshed approach.
Significant family events: a change in family circumstances or receiving an inheritance may alter financial priorities and require revisions to savings strategies and estate planning.
With contribution limits resetting and life changes potentially altering your financial picture, early-year planning helps you stay ahead rather than reacting later.
3. Why meeting with your wealth advisor matters now
Understanding contribution limits is important, but integrating them into a long‑term plan is where the real value lies. A Rothenberg wealth advisor can help you:
- Maximize both TFSA and RRSP opportunities
- Align savings strategies with life changes
- Avoid over-contribution penalties
- Build a personalized investment plan that supports your evolving goals
As contribution room for both accounts resets each January, now is the ideal moment to set up a review and ensure you’re making the most of the year ahead.
Start the Year Strong
2026 brings fresh opportunities, expanded contribution limits, and a natural moment for reflection. Whether you’re adjusting to new life circumstances or simply fine-tuning your long‑term goals, revisiting your financial plan now can set you up for a more confident and successful year.
If you’re ready to make the most of the new year, book a time with your Rothenberg wealth advisor to review your goals and set yourself up for a successful year ahead.
