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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.
- What’s my contribution room for a TFSA?
- What happens if I contribute more than my contribution amount to a TFSA?
- What's a TFSA?
- If I don’t contribute into a TFSA, can I use my unused contribution room in the future?
- How much money can I access daily?
- Are TFSA contributions tax-deductible?
- How do I determine my RRSP contribution limit?
- Is there any cost for using Mobile Deposit?
- What are the minimum and maximum contribution amounts for an RESP?
- How far in advance should I schedule my bill payments?
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