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What is my limit for Tax Free Savings Account (TFSA) contributions?

Ask the professionals – January 2017

Written by Dave Lee
January 11, 2017

$5,500 for 2017, plus any unused room from previous years.

  • 2009 $5,000
  • 2010 $5,000
  • 2011 $5,000
  • 2012 $5,000
  • 2013 $5,500
  • 2014 $5,500
  • 2015 $10,000
  • 2016 $5,500
  • 2017 $5,500
  • Total $52,000

Canadian residents who have been adults since 2009 have a total contribution room of $52,000. Depending on the growth of your investments, your current balance could be much higher than $52,000. Also, any withdrawals from your TFSA can re-contributed starting in the year after the withdrawal.