TFSA Contribution Limits - 2025
· The contribution limit for 2025 has increased to
$7,000.
· If you have never contributed to a TFSA and have
been eligible since its introduction in 2009, your cumulative contribution room
will be $102,000 in 2025.
· Contribution
space from TFSA withdrawals cannot be reclaimed until the following calendar
year.
· If
your TFSA is maxed out and you make a withdrawal from now until the end of 2024,
you need to wait until 2025 to get it back - along with the $7,000 for everyone
else
You can find more information about the TFSA on the CRA
website on this link.