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How much can I contribute to a TFSA per year?

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You can contribute up to $6,000 this calendar year (annual TFSA dollar limit), plus any unused contribution room from previous years starting in 2009 or the year you turned 18, whichever is more recent for you.

If you didn't contribute the full allowable amount each year since you were eligible, you can add the difference to your current year’s annual TFSA dollar limit. Plus, if you withdraw any amount from your TFSA, other than to correct an over-contribution, and haven’t re-contributed, you can add that amount to your next year's contribution.

† Simplii Financial personal banking services are provided by the direct banking division of CIBC. Banking services not available in Quebec.
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