Roberts Nash Advisory Group

TFSA Contribution Limit Raised to $6000 for 2019

The Tax-Free Savings Account, or TFSA, has been part of the financial landscape of Canadians for almost 10 years, specifically since January 1, 2009. Besides the increase in the contribution limit in 2015, there have been few changes to this tax vehicle since its creation.  The TFSA limit is indexed to inflation and rounded to the nearest $500,  2019 is now set to increase to $6000.  Cumulatively, $63,500 has been made available to contribute since 2009.  For more information on TFSAs Tax-free Savings Accounts

The TFSA in Canada*

  • 11.7 Million account holders
  • 40% of Canadian taxpayers have a TFSA
  • $45.8 Million in annual contributions
  • $151.6 Million invested in this tax vehicle.
  • * CRA statistics relative to TFSAs (2014 tax year)

** I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial **

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