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TFSA Limit Reduced

The Federal Government has announced changes to the TFSA contribution limit that will directly affect Canadian residents.

  • The contribution limit for 2016 is now $5,500
  • The limit will be adjusted for inflation in $500 increments going forward
  • The contribution limit for 2015 will remain at $10,000
Clients can contribute unused contribution room from previous years into the TFSA accounts.
Clients are responsible for ensuring they do not over-contribute to their TFSA.

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