2023 TFSA Limit Announced!

November 14, 2022 | Vito Finucci


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What is 2023's TFSA contribution limit?

 

The 2023 TFSA contribution limit is $6,500, up from $6,000 (the amount from 2019-2022).

Here is the link to the government release.

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 much can I put in each year? 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  
   
Total Since Inception $88,000