Table 1
Number of tax filers reporting RRSP and/or TFSA contributions, total value of contributions and median contribution amount, by income group of tax filers, Canada, 2023
| RRSP contributors | Total RRSP contributions | Median RRSP contributions | TFSA contributors | Total TFSA contributions | Median TFSA contributions | |
|---|---|---|---|---|---|---|
| number | thousands of dollars | dollars | number | thousands of dollars | dollars | |
| All tax filers | 6,350,070 | 55,734,780 | 4,000 | 7,520,350 | 82,679,550 | 6,500 |
| Less than $20,000 | 103,640 | 427,740 | 1,060 | 813,510 | 9,152,985 | 6,000 |
| $20,000 to $39,999 | 449,470 | 1,351,870 | 1,300 | 1,471,710 | 16,767,615 | 6,500 |
| $40,000 to $59,999 | 1,112,390 | 3,826,335 | 1,980 | 1,478,280 | 15,111,115 | 6,100 |
| $60,000 to $79,999 | 1,254,620 | 6,071,885 | 3,000 | 1,204,810 | 12,243,740 | 6,460 |
| $80,000 and over | 3,429,960 | 44,056,950 | 6,810 | 2,552,030 | 29,404,095 | 6,500 |
Note(s):
- RRSP = Registered Retirement Savings Plan.
- TFSA = Tax-Free Savings Account.
Source(s):
Income and Financial Data of Individuals, Preliminary T1 Family File (4106), table 11-10-0044-01 and custom tabulation.
- Date modified: