What is 2024's TFSA contribution limit?
The 2024 TFSA contribution limit is $7,000, up from $6,500 (the amount from 2023).
The annual contribution limit can change from year to year. You can make contributions anytime during the year, periodically or as a lump sum. It is important to check your room to make sure you don't overcontribute.
Common questions:
- How do I find out my TFSA contribution room?
- Who can get a TFSA?
- How do I put money back into my TFSA after I took it out?
- What happens if I forgot to make a TFSA contribution?
- What I can invest in my TFSA?
- What are the contribution limits by birth year (they vary if you were born AFTER 1991)
- What are the contribution limits for each calendar year?
| Year | Contribution Limit | |
|---|---|---|
| 2009 | $5,000 | |
| 2010 | $5,000 | |
| 2011 | $5,000 | |
| 2012 | $5,000 | |
| 2013 | $5,500 | |
| 2014 | $5,500 | |
| 2015 | $10,000 | |
| 2016 | $5,500 | |
| 2017 | $5,500 | |
| 2018 | $5,500 | |
| 2019 | $6,000 | |
| 2020 | $6,000 | |
| 2021 | $6,000 | |
| 2022 | $6,000 | |
| 2023 | $6,500 | |
| 2024 | $7,000 | |
| Total Since Inception | $95,000 |