Back to top

Blog

Click here to go back

TFSA Contribution Limit

tax
Posted by Ryan Rawluk Posted on 27 Nov 2018

Canadian's annual Tax Free Savings Account (TFSA) contribution limit will increase by $6,000 in 2019.  The annual increase in contribution limit has been $5,500 each year since 2013 (except for 2015 when the limit was raised to $10,000 for the year) and, thanks to inflation, will be $6,000 per year for the next couple of years.

The cumulative limit for Canadians who were at least 18 years old in 2009 and who hold a valid social insurance number will be $63,500 in 2019.