TFSA Contribution Limit for 2025 Stays at $7,000
Tax-Free Savings Account (TFSA) users welcome the yearly expansion of their contribution limits. The government announced $500 increases in 2023 (to $6,500) and 2024 (to $7,000) to compensate for high inflation. For next year, the limit will stay at $7,000. However, for anyone eligible to open a TFSA since 2009, the total or cumulative contribution…