According to the Canada Revenue Agency (CRA), the annual TFSA dollar limit for the year 2020 is $6,000. The maximum amount that you can contribute to your TFSA is limited by your TFSA contribution room. Your TFSA contribution room is the total of all of the following:
For more information on contributions, see the link below:
According to the Canada Revenue Agency (CRA), the annual TFSA dollar limit for the year 2020 is $6,000. The maximum amount that you can contribute to your TFSA is limited by your TFSA contribution room. Your TFSA contribution room is the total of all of the following:
For more information on contributions, see the link below:
The annual TFSA dollar limit for the years 2019 and 2020 is $6,000.
For more information, you can go to this link:
Tax-Free Savings Accounts (TFSAs) in Canada
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