2025 year-end business hours, timelines and 2026 limits

You’ll find information below about:

• Holiday business hours and year-end contribution reporting deadlines
• 2025 over-contribution deadline
• 2026 contribution limits for registered plans
• 2026 yearly maximum pensionable earnings (YMPE) cut-offs
• 2026 maximum pensionable earnings (MPE) cut-offs
• 2026 deadlines for 2026 summary of expected contributions

*Submissions by December 19 allows us to identify any errors and follow up. This will ensure processing by December 31. Processing after December 31 won’t be reported on the member statement, or for the 2025 tax year.

**CRA guidelines have a deadline date of December 31. However, withdrawals and transfers out of the registered products need to process by December 31 as well. Please plan to send the final contribution before December 31.

• Requests received after the December 24 deadline will process starting December 29, 2025.
• The Toronto Stock Exchange (TSX) will have regular trading hours December 23, 2025, and will close at 1 p.m. ET on December 24, 2025.

Important: For contributions to process on December 31, we require:

• Request must be in good order
• Payment or Wire confirmation number received by the time indicated above

The Toronto Stock Exchange (TSX) will have regular trading hours. 

2025 Contribution Errors

If you are aware of any missed contributions or over contributions for your plan members that have not yet been handled, please reach out to your Client Administration team as soon as possible. They will be able to provide further guidance about the best way to correct these issues. Ideally these should all be handled within the current year.

Please remember the following:

• DCPP retroactive corrections cannot cross tax years and come January any missed or over contributions need to follow CRA processes
• DPSP corrections after year end may require CRA approval
• NREG & EPSP retroactive corrections are not permitted after year end, and only current dated solutions would be available
• RRSP retroactive corrections may be permitted but analysis would be required as there is an impact to tax receipts
• TFSA does not permit negative contributions, and any retroactive corrections must be reported to CRA by Sun Life

In all cases, please reach out to your administration team for guidance.

2026 limits, including Yearly Maximum Pensionable Earnings (YMPE)/Maximum Pensionable Earnings (MPE)

Effective January 1, 2026, the registered plan dollar limits will increase as follows:

• Defined Contribution Pension Plan (DCPP) – $35,390
• Deferred Profit Sharing Plan (DPSP) – $17,695
• Registered Retirement Savings Plan (RRSP) – $33,810

In addition, the maximum pension limit for a Defined Benefit Pension Plan (DBPP) will increase to $3,932.22 per year of service.

What does this mean to plan sponsors?

If plan rules state that contributions over and above the DCPP, RRSP or DPSP contribution limits spill over into another product (usually a non-registered vehicle), the spills will now occur at a higher dollar limit, effective January 1, 2026.

2026 YMPE and MPE limits:

• The YMPE under the Canada Pension Plan (CPP) or MPE under the Quebec Pension Plan (QPP) for 2026 will be $74,600. That’s up from $71,300 in 2025.
• Contributors who earn more than $74,600 in 2026 aren’t required or permitted to make additional contributions to the CPP/QPP.
• The basic exemption amount for 2026 remains at $3,500. Employees who earn less than that amount don’t need to contribute to the CPP/QPP.

Under the CPP:

• The employee and employer contribution rates for 2026 will be 5.95%.
• The self-employed contribution rate will be 11.9%.
• The maximum employer and employee contribution for 2026 will be $4,230.45 each, compared to $4,034.10 in 2025.
• The maximum self-employed contribution for 2026 will be $8,460.90, compared to $8,068.20 in 2025.

Under the QPP:

We’re still waiting on the 2026 information; we’ll provide this information as soon as it becomes available. 

TFSA contribution limit for 2026

The annual TFSA contribution limit for 2026 is $7,000.