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.

 

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