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Tuesday, 25 November 2014

2015 TFSA Limit = $10,000

*Update: April 22, 2015. 
 "Economic Action Plan 2015 proposes to increase the Tax-Free Savings Account annual contribution limit to $10,000, effective for the 2015 taxation year."
http://www.budget.gc.ca/2015/docs/plan/ch4-1-eng.html#Increasing_the__Tax-Free_Savings_Account_Annual_Contribution_Limit

The CRA has announced that the annual TFSA contribution limit for 2015 will be $10,000. This makes the total possible contribution room since introduction a sizeable $41,000. 

*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.


This has been superseded by the update above.
2015 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/2014/m11/fs141125-eng.html

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