The Canadian government has announced that the annual contribution limit for TFSAs will be raised to $6,000 for 2019, an increase from this year’s limit of $5,500.
This post was written by the former Estonian Credit Union, now Northern Birch Credit Union.
With the TFSA limit at $6,000 for 2019, the total room available in 2019 for someone who has never contributed to a TFSA and who was 18 years or older in 2009, the year in which the program was launched, will be a total of $63,500.
Historic TFSA yearly limits:
2009 – 2012 = $5,000
2013 – 2014 = $5,500
2015 = $10,000
2016 – 2018 = $5,500
2019 = $6,000
Make your 2019 deposit today into our Early Bird TFSA and earn 4% interest until December 31st, 2018. Click here to learn more.
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