The support you need to grow your investments

To be eligible, you must:

• be a resident of Canada, with a valid SIN.
• be 18 years of age or older.
• be an individual (not a Trust or a Corporation).

Contribution limits:

• You can contribute a maximum of $7,000 to your TFSA in 2025.
• The $7,000 contribution limit is in addition to your RRSP contribution limit / carry-forward room.
• Unused contribution room is carried forward indefinitely.
• Withdrawals of capital will increase the unused contribution room in the year following the withdrawal.

How will I know what my allowable contribution room is after this year?

• Your annual Notice of Assessment will include your TFSA activity and allowable contribution room.

Please note: As the account holder, you are responsible for ensuring that you have not exceeded your TFSA contribution limit.Over-contribution amounts are subject to a tax of 1% per month until withdrawn.

Learn more about your TFSA limit at the CRA website here.

As with an RRSP or RRIF, eligible TFSA investments include: term deposits, GICs, savings accounts, mutual funds, segregated funds, publicly traded securities and bonds.