Navigating the New TFSA Contribution Room Limits in 2025
The TFSA (Tax-Free Savings Account) contribution limit has been increased by $7,000 for 2025. This is the same contribution limit increase as in 2024. The contribution limit increase is based on the level of inflation for the year. The TFSA contribution rises with inflation In 2023, inflation was very high, so the CRA (Canada Revenue…