The Canada Revenue Agency on Thursday officially announced that the Tax Free Savings Account contribution limit for 2024 will be $7,000. This means in 2024, the lifetime contribution for the Tax Free Savings Account will be $95,000. Below is a table with the annual contribution limits dating back to 2009 when the Tax Free Savings Account was first introduced.
| Contribution Year | Annual Contribution Limit |
| 2009, 2010, 2011, 2011 | $5,000 |
| 2013, 2014 | $5,500 |
| 2015 | $10,000 |
| 2016, 2017, 2018 | $5,500 |
| 2019, 2020, 2021, 2022 | $6,000 |
| 2023 | $6,500 |
| 2024 | $7,000 |