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What is the TFSA contribution limit for 2020?
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What is the TFSA contribution limit for 2020?
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:
- the TFSA dollar limit of the current year
- any unused TFSA contribution room from previous years
- any withdrawals made from the TFSA in the previous year
For more information on contributions, see the link below:
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What is the TFSA contribution limit for 2020?
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:
- the TFSA dollar limit of the current year
- any unused TFSA contribution room from previous years
- any withdrawals made from the TFSA in the previous year
For more information on contributions, see the link below:
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What is the TFSA contribution limit for 2020?
The annual TFSA dollar limit for the years 2019 and 2020 is $6,000.
For more information, you can go to this link:
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