Canadians get fresh contribution room in their tax-free savings accounts. Find out this year’s contribution limit, the overall limit and more.

You can find your personal total contribution capacity on the CRA My Account for Individuals. It is smart to check it out because there can be steep fines for overcontributing to your TFSA. The new ...

The annual TFSA contribution limit has changed many ... The CRA can confirm your TFSA room by phone or using CRA My Account online. One thing to be careful about is there’s usually a lag in ...

If you accidentally contribute too much to your TFSA – which can easily happen if you rely on the CRA’s data – you will face ...

We’re still early in 2025. And Canadian investors have a golden opportunity to maximize their Tax-Free Savings Account (TFSA) contribution room and harness the power of tax-free growth.

Now that 2024 is over, you have an additional $7,000 of Tax-Free Savings Account (TFSA) contribution room to work with. For those unfamiliar, a TFSA is a registered account that allows your ...

By doing this, you’ve essentially created an additional $20,000 in contribution room. Where can I find my TFSA contribution room? You can find out where your TFSA contribution room stands by ...

We’re still early in 2025. And Canadian investors have a golden opportunity to maximize their Tax-Free Savings Account (TFSA) contribution room and harness the power of tax-free growth. Whether you’re ...

Your contribution room is the maximum amount you’re allowed to deposit into your TFSA, and it begins to build ... which you can find by logging into the “My Account” portal on the CRA ...

If you’ve been making steady contributions to your RRSP and TFSA over time, you may have run out of room—particularly for the TFSA, with its modest annual limits. If you’re looking for an ...

TFSA: For 2024, the annual contribution limit is $7,000. Unused contribution room accumulates year over year. RRSP: Contribution limits are set at 18% of your previous year’s income, up to a CRA ...