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TFSA Contribution Increase

Highlights

This post provides additional information or updates to financial planning topics.

  • Contribution limit has increased from $5,500 to $10,000 for 2015 and future years.
  • Contribution Increases will no longer be linked to inflation.
  • More room available for tax-deferred growth.

Research & Analysis

The tax-deferred growth of a TFSA is another vehicle to help you meet your financial goals. Contact us if you would like to understand how a TFSA can be used in your savings strategy.

 

We recap the contribution limits available for each year since the TFSA’s inception in the table below. All contribution limits carry forward thus the maximum you could contribute in 2015 is $41,000 (if you did not make any contributions).

 

 

Here are a few links if you would like more information:

Categories

Type: Financial Planning

Geography: Canada

Sector: Registered Accounts

Sub-Sector: Tax Free Saving Account (TFSAs)

Area(s) of Analysis: TFSA Contribution, TFSA, Tax Free Savings Account, Budget 2015

 

 

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