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. His practice focuses on both tax planning for individuals and businesses as well as audit representation and tax litigation matters. On audit representation and tax litigation matters, Shawn has extensive… more »

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