CRA announces TFSA limit for 2023

The 2023 TFSA annual contribution limit has been increased to $6,500.

This is up from $6,000 for the years 2019 – 2022.

Total TFSA contribution room as of 2023 is now $88,000

CRA announces TFSA limit for 2023
Do you use your TFSA as a savings account? A Tax Free Savings Account, or TFSA, should really be used as a long-term investment account; intended to help you save money by providing tax-free growth. In this segment, Peter explains everything you need to know to make the most of your TFSA contributions

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