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