How much can I contribute to my TFSA?

Canadians are allowed to contribute a specific amount to their TFSA each year, and unused contribution room can be carried forward to the current year. TFSA contribution room accumulates beginning with the first calendar year in which you turn 18. So if you turned 18 in 2009 or before and haven't yet opened a TFSA, your total contribution room is $52,000 as of 2017.

The maximum contribution limits for each year are:

2009: $5,000
2010: $5,000
2011: $5,000
2012: $5,000
2013: $5,500
2014: $5,500
2015: $10,000
2016: $5,500
2017: $5,500

You can read more about contributions on the Canada Revenue Agency website.

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