Human Resources Legislative Update

Contribution Limit for TFSA Raised $500

Human Resources Legislative Update

Contribution Limit for TFSA Raised $500

Date: November 26, 2012

The federal government has announced that it will be raising the annual contribution limit for the Tax-Free Savings Account (“TFSA”) by $500, from the current $5000.00 to $5500.00, commencing in 2013.