PSA: the annual TFSA dollar limit is $7000 for 2024
PSA: the annual TFSA dollar limit is $7000 for 2024
www.canada.ca Indexation adjustment for personal income tax and benefit amounts - Canada.ca
Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada.
2 comments
Would be nice to have enough disposable income to be able to hit that limit. Or even come close.
Due to inflation, there will thus have been only one year with a limit of $6500.
Reminder of the annual limits:
2023 $6 500 2022 $6 000 2021 $6 000 2020 $6 000 2019 $6 000 2018 $5 500 2017 $5 500 2016 $5 500 2015 $10 000 2014 $5 500 2013 $5 500 2012 $5 000 2011 $5 000 2010 $5 000 2009 $5 000