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Related Topic

RRIF Minimum Withdrawals

 

2017 LIF Minimum & Maximum Withdrawal Rates

 

Annual RRSP Contribution Limits

Annual TFSA Contribution Limits

 

Your TFSA contribution limit is the maximum amount that you can contribute to your TFSA.

 

A penalty of 1% per month will be assessed by the Canada Revenue Agency (CRA) on the amount that is over your total contribution room for your tax-free savings account.

 

 

Year

TFSA Contribution Limit

Cumulative Total

2009 $5,000 $5,000
2010 $5,000 $10,000
2011 $5,000 $15,000
2012 $5,000 $20,000
2013 $5,500 $25,500
2014 $5,500 $31,000
2015 $10,000 $41,000
2016 $5,500 $46,500
2017 $5,500 $52,000
2018 Indexed to inflation - -
2019 Indexed to Inflation - -

 

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