Save for your retirement with a TFSA.
As of January 1, 2024, you can contribute an additional $7,000 to your TFSA to benefit from tax-free growth. With the contribution room from 2009 through 2024, you will be able to contribute up to $95,000 to grow tax-free.
TFSA contribution limits (per calendar year)
● 2009-2012 - $5,000
● 2013-2014 - $5,500
● 2015 - $10,000
● 2016-2018 - $5,500
● 2019-2022 - $6,000
● 2023 - $6,500
● 2024 - $7,000
Tax-free benefits
With a Tax-Free Savings Account (TFSA), you can contribute up to your contribution limit each year, earn tax-free interest, dividends and capital gains, and even make withdrawals – at any time, for any reason – without paying tax.
Whether you need to open your TFSA, make your 2024 contribution or switch to a new TFSA strategy, please contact us for assistance.
