(tax measures introduced in the middle of a tax year start at half the rate and then bump up to the full cut the following year). When the measure was rolled out, Finance Canada projected maximum tax savings of $840 per couple with two incomes. The credit is temporary and, for now at least, will only be available for the 2026 to 2030 tax years. That means that in 2026, the first ceiling maximum contribution for an employee is $4,230.45. Employers contribute a matching amount of 1.4 multiplied by the employee contributions for a maximum contribution in 2026 of $1,572.30 up from $1,508.30 last year.

Source: CBC News January 02, 2026 00:02 UTC