Memorization List

Question 1

What is the RRSP annual limit for 2025?

Answer 1

Lesser of 18% of earned income or $32,490.

Question 2

What is the RRSP carry-forward rule?

Answer 2

Unused contribution room carries forward indefinitely.

Question 3

What is the annual TFSA limit for 2025?

Answer 3

$7,000.

Question 4

What is the cumulative TFSA limit from 2009–2025?

Answer 4

$102,500.

Question 5

What is the YMPE in 2025?

Answer 5

$72,500.

Question 6

What is the YAMPE in 2025?

Answer 6

$84,900.

Question 7

What is the CPP contribution rate on YMPE in 2025?

Answer 7

5.95% (employee), 5.95% (employer).

Question 8

What is the CPP contribution rate on YAMPE in 2025?

Answer 8

4% (employee), 4% (employer).

Question 9

What is the maximum CPP contribution for employees in 2025?

Answer 9

$4,807 (employer matches).

Question 10

What is the maximum CPP contribution for self-employed in 2025?

Answer 10

$9,614.

Question 11

What is the maximum CPP retirement pension at age 65 in 2025?

Answer 11

About $1,364/month.

Question 12

What is the maximum OAS pension at age 65 in 2025?

Answer 12

About $713/month.

Question 13

What is the OAS clawback threshold in 2025?

Answer 13

Begins at $97,000; fully clawed back around $161,000.

Question 14

What is the approximate income threshold that eliminates GIS for a single person?

Answer 14

Around $21,000.

Question 15

What is the approximate income threshold that eliminates GIS for a couple?

Answer 15

Around $27,000–$30,000.

Question 16

What is the CESG basic annual match?

Answer 16

20% up to $500 per year (on $2,500 contribution).

Question 17

What is the CESG maximum lifetime grant per child?

Answer 17

$7,200.

Question 18

What is the RESP lifetime contribution limit per beneficiary?

Answer 18

$50,000.

Question 19

What is the maximum CESG available in a single year with catch-up?

Answer 19

$1,000.

Question 20

What is the lifetime contribution limit for RDSP?

Answer 20

$200,000.

Question 21

What is the maximum CDSG annual match rate?

Answer 21

Up to 300% depending on family income.

Question 22

What is the maximum CDSB annual bond?

Answer 22

$1,000/year for low income.

Question 23

What is the Basic Personal Amount (federal) in 2025?

Answer 23

$15,705.

Question 24

What is the top federal tax bracket threshold in 2025?

Answer 24

$246,752 (33%).

Question 25

What is the Capital Gains Inclusion Rate?

Answer 25

50%.

Question 26

What is the Dividend Gross-Up for eligible dividends?

Answer 26

38%.

Question 27

What is the Dividend Gross-Up for non-eligible dividends?

Answer 27

15%.

Question 28

What is the Federal Dividend Tax Credit for eligible dividends?

Answer 28

15.02%.

Question 29

What is the Federal Dividend Tax Credit for non-eligible dividends?

Answer 29

9.03%.

Question 30

What is the Lifetime Capital Gains Exemption (LCGE) for 2025?

Answer 30

$1,016,836.

Question 31

What is the Home Buyers’ Plan (HBP) withdrawal limit?

Answer 31

$35,000.

Question 32

What is the Lifelong Learning Plan (LLP) withdrawal limit?

Answer 32

$20,000 total ($10,000 per year).