New $10,000 limit for TFSA contributions

Higher TFSA limit now in effect

The CRA has confirmed that Canadians can top up their Tax Free Savings Accounts (TFSAs) effective immediately with the new $10,000 limit for 2015.  As described in the federal budget tabled on Tuesday, the Conservative government announced it would be raising the annual TFSA contribution limit up from the previous level of $5,500.

Talk to your investment advisor today about how you can take advantage of this welcome development in this indispensable investment vehicle for Canadian taxpayers.

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