Table 2
Number of tax filers reporting RRSP and/or TFSA contributions, total value of contributions and median contribution amount, by age 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 25 years old | 163,170 | 532,735 | 1,880 | 499,800 | 2,733,380 | 3,080 |
| 25 to 34 years | 1,179,880 | 7,102,240 | 3,130 | 1,233,210 | 9,610,650 | 3,000 |
| 35 to 44 years | 1,572,260 | 11,717,965 | 3,600 | 1,127,300 | 10,133,325 | 3,300 |
| 45 to 54 years | 1,559,040 | 13,985,240 | 4,330 | 1,022,000 | 11,169,895 | 5,200 |
| 55 to 64 years | 1,441,720 | 16,374,810 | 5,000 | 1,322,280 | 17,681,090 | 6,500 |
| 65 to 74 years | 415,620 | 5,798,795 | 5,000 | 1,282,500 | 17,536,355 | 6,500 |
| 75 years and older | 18,380 | 222,995 | 890 | 1,033,260 | 13,814,855 | 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: