TFSA Annual Contribution Limit Increased to $10,000

Minister of Finance Joe Oliver announced as part of the 2015 federal budget released on April 21, 2015 that the annual contribution limit for Tax-Free Savings Accounts will be increased from $5,500 to $10,000 effective for contributions made in the 2015 and subsequent taxation years.


Prepared by: Shawn Tryon

Shawn is a partner practicing in the firm’s Vancouver office. Shawn practices in many areas of tax law including estate planning, corporate reorganizations, business structuring, tax planning for individuals and tax litigation matters. Prior to joining Thorsteinssons, Shawn gained extensive… more »