What Is The 401k Limit For 2024 In Canada

What Is The 401k Limit For 2024 In Canada. What is a 401k in canada? Whereas, the 2020 limit for a roth 401(k) is usd $19,500 and up to usd $26,500 if 50 or older.

The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.