Other forms of the question:
- Can I save more than $5000?
- What if I want to save more than $5000?
Answer:
The maximum you can earn on the Matching Bonus is $5000. If you are able to contribute more than $5000, that is great for your retirement savings, but no additional bonuses will be paid out. Just be sure to check your contribution limit based on the type of account you have.
- Check your previous year's Notice of Assessment for your RRSP limit.
- Visit CRA's TFSA webpage for your TFSA limit.