"The annual TFSA dollar limit for the years 2013 and 2014 is $5,500."
"A confidential letter from Finance Minister Joe Oliver all but confirms that his April 21 budget will double the contribution limit for the government’s popular tax-free savings vehicle. The current limit for cash going into a Tax-Free Savings Account (TFSA) is $5,500 a year, and Oliver indicated the Conservatives would fulfill Prime Minister Stephen Harper’s four-year-old pledge to allow Canadians to sock away more money. “Canadians know that we stick to our commitments,” Oliver said pointedly in the April 6 letter to fellow caucus members. Doubling the annual limit will boost it to $11,000 a year."
"Economic Action Plan 2015 proposes to increase the Tax-Free Savings Account annual contribution limit to $10,000, effective for the 2015 taxation year."
Political promise
- Record
- #3692
- Language
- EN