TFSA Contribution Limits

Annual contribution limit for tax-free savings accounts

By Ivon T Hughes
tfsa contribution limits
Figure 1. TFSA Contribution Limits

What is the 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.

Table: TFSA Contribution Limit

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 - -
Ivon T Hughes

About the Author

Ivon T. Hughes

Ivon T Hughes is a leading expert in life annuities in Canada. His website LifeAnnuities.com is a recognized authority on annuities. He's also an established insurance and investment broker, through The Hughes Trustco Group since 1972. Recently, he's been redefining how annuities are sold in Canada.

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