Sentences with phrase «tfsa dollar limit»
Under proposed legislation now before the House of Commons, the annual TFSA dollar limit for 2016 is decreasing from $ 10,000 to $ 5,500 and will be subject to indexation in future years.
http://business.financialpost.com/
For starters, you need to determine your TFSA contribution limit, which is comprised of your unused contribution room from prior years plus the TFSA dollar limit for the current year.
Generally, the maximum contribution room for a year is equal to the total of unused TFSA contribution room from previous years, withdrawals from TFSAs made in previous years and TFSA dollar limit for the year in question.
Under the current rules, you and your spouse can each contribute up to the TFSA dollar limit for the year.
Not exact matches
Kristina opened her TFSA in 2011 and has contributed the maximum dollar limit every year since.
The Tax - Free Savings Account (TFSA) dollar limit for 2016 is $ 5,500, down from $ 10,000 last year, but there is no deadline for making a TFSA contribution.