Do my employer’s contributions count against my yearly RRSP limit?

Yes!

Your individual and your employer contributions count toward the maximum RRSP contributions per year. You’ll want to consider this number when deciding if you have room to maximize your employer match program and if you can contribute additional funds on top of that.

Because most employer matching plans fall into the 3–5% range, it’s unlikely that maximizing on this will put you over the limit, but it is possible depending on your salary and what contributions you’re making to the GRSP or to other individual RRSP accounts.

Wealthsimple’s platform makes this tracking a lot easier with built-in RRSP contribution monitoring you can set up inside the app.