Unlike your RRSP contribution room, the contribution limit does not depend on how much income you earn. You begin accumulating TFSA contribution room from the year you turn 18 (as long as you are ...
The TFSA contribution limit for 2025 stays at $7,000, but it’s still a game-changing milestone for Canadian savers. Tax-Free Savings Account (TFSA) users welcome the yearly expansion of their ...
According to the Canada Revenue Agency (CRA), the TFSA contribution limit for 2025 has increased to $7,000. So, if you were eligible to contribute to the registered account since it was introduced in ...
If we love tax-free savings so much, why are there so many TFSA orphans? There were 28.2 million TFSAs as of 2022, the most recent year for which there is data. In 14.3 million of them ...
Dear Money Lady — I have not topped up my TFSA — should I do it now in December or wait until January? TFSAs have a rollover option, so if you can't make the yearly limit in 2024, you can still put in ...