Table 3
Number of tax filers reporting RRSP- or TFSA-only contributions, total value of contributions and median contribution amount, by income group of tax filers, Canada, 2023
| RRSP contributors – RRSP Only | Total RRSP contributions – RRSP Only | Median RRSP contributions – RRSP Only | TFSA contributors – TFSA Only | Total TFSA contributions – TFSA Only | Median TFSA contributions – TFSA Only | |
|---|---|---|---|---|---|---|
| number | thousands of dollars | dollars | number | thousands of dollars | dollars | |
| All tax filers | 3,807,620 | 29,389,350 | 3,420 | 4,977,900 | 55,554,135 | 6,500 |
| Less than $20,000 | 69,160 | 237,955 | 1,000 | 779,030 | 8,705,950 | 6,000 |
| $20,000 to $39,999 | 289,990 | 747,015 | 1,200 | 1,312,240 | 15,184,585 | 6,500 |
| $40,000 to $59,999 | 719,080 | 2,192,260 | 1,800 | 1,084,970 | 11,583,595 | 6,500 |
| $60,000 to $79,999 | 780,720 | 3,403,695 | 2,740 | 730,910 | 7,793,140 | 6,500 |
| $80,000 and over | 1,948,680 | 22,808,425 | 6,000 | 1,070,760 | 12,286,860 | 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), custom tabulation.
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