TFSA limit for 2021 released

By  External Author |   | Posted in " Corporate tax return services, Personal tax return services, Professional Accountant, Tax consultant, Tax return preparation services "

The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019 and 2020.

With this TFSA dollar limit announcement, the total contribution room available in 2021 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is $75,500.

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Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rudy Mezzetta

Original Article Posted on:  November 20, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/tfsa-limit-for-2021-released/