If you are 18 or older, you got $7,000 worth of TFSA contribution room on January 1 of this year. If you turn 18 later in the year, you will get the contribution room on your birthday, when you become ...

Knowing what the Canada Revenue Agency (CRA) thinks about the 2026 Tax-Free Savings Account (TFSA) contribution limit matters, as it’s not just a “new room” announcement. It’s a rules-and-records ...

If you had deposited $7,000 in your TFSA in 2006 and invested in the iShares of the S&P/TSX 60 Index Fund (TSX:XIU), it would have gone a long way. The Federal government added $7,000 worth of TFSA ...

The Tax-Free Savings Account (TFSA) remains one of the most powerful wealth-building tools for Canadians. It arrived much later than the Registered Retirement Savings Plan (RRSP), although its utility ...

Your real 2026 room equals your unused room from prior years plus the new $7,000 limit plus any 2025 withdrawals that return as room. Over contributions can be taxed at 1% per month on the excess ...