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Wednesday, 28 November 2012

2013 TFSA Limit = $5,500


The CRA has announced that the annual TFSA contribution limit for 2013 will be $5,500. Making the total possible contribution room since introduction a sizeable $25, 500.

  • 2013: $5,500
  • 2012: $5,000
  • 2011: $5,000
  • 2010: $5,000
  • 2009: $5,000

*As usual, don't just take my word on something when it comes to your money. Check out the CRA site at the link below.
Canada Revenue Agency - Tax-Free Savings Account info page
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/menu-eng.html

CBC Article detailing the rise
Tax-free savings accounts limit rising by $500 in 2013

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