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Wednesday, 20 November 2013

2014 TFSA Limit = $5,500

The CRA has announced that the annual TFSA contribution limit for 2014 will be $5,500. This makes the total possible contribution room since introduction a sizeable $31,000.

  • 2014: $5,500
  • 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.

2014 indexation adjustment for personal income tax, benefit amounts, and the annual dollar limit for Tax-Free Savings Accounts (TFSAs)
http://www.cra-arc.gc.ca/nwsrm/fctshts/2013/m11/fs131113-eng.html

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