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.


What Is The 401k Limit For 2024 In Canada

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).

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