TFSA 2020

TFSA 2020

January 07, 2020 | Chris Durward

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As of January 1, 2020, you can contribute an additional $6,000 to your TFSA to benefit from tax-free growth. With the contribution room from 2009 through 2020, you may be able to contribute up to $69,500 to grow tax-free.

With another year underway, a quick reminder to consider one of the best tax elimination vehicles available to Canadians.  The permitted 2020 contribution has been established at $6,000. 

For details on cumulative contribution limits, information about the power of tax free compound growth please see the linked article HERE. 

If you'd like to hear about investment options please contact us and we'll tell you about why we think your TFSA should be invested for the long term - possibly the "last dollars you spend." 

Happy New Year!

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