What Is The 401k Limit For 2024 In Canada
What Is The 401k Limit For 2024 In Canada. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). This limit includes all elective employee salary deferrals and any contributions.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. The equivalent of a 401(k) in canada is a group registered retirement savings plan (group rrsp).