The new year brings with it a new Tax Free Savings Account (TFSA) contribution limit. In 2019 you can contribute up to $6,000.
If you’ve never contributed to a TFSA and have been eligible to do so since 2009 the total contribution is $63,500.
To be eligible to contribute you must be 18 years old, have a valid social insurance number and be a resident of Canada – for tax purposes.
