2019 TFSA Contribution Levels Increase

Our Financial Plans has many leading options for TFSA accounts. With the increased limits for 2019, this is an excellent opportunity to add to your investment and retirement savings.

The cumulative TFSA contribution limit in 2019 will be $63,500 for a Canadian who has never contributed to a TFSA and who was 18 years old or older in 2009, the year in which the program was launched.

Tax Free Savings Accounts (TFSA’s) began in 2009

Contribution Limits

2009- $5,000                                   2010- $5,000

2011- $5,000                                   2012- $5,000

2013- $5,500                                   2014- $5,500

2015- $10,000                                 2016- $5,500

2017- $5,500                                   2018- $5,500

2019- $6,000

 

Contact us today to learn more about TFSAs.

Posted in

OFP Team