Personal Finance

TFSA contribution limit for new residents

  • Last Updated:
  • Jan 29th, 2013 3:47 pm
Deal Addict
User avatar
Nov 25, 2010
1079 posts

TFSA contribution limit for new residents

In CRA MyAccount, it shows that my TFSA contribution limit is $25.5K despite the fact that I first came to Canada in 2011, it gives me contribution room all the way back from 2009. I thought that people don't accumulate TFSA contribution room for years where they are not residents in Canada throughout the year, or is there a special rule for people who become residents for the first time ?
2 replies
Deal Addict
User avatar
Dec 8, 2010
1820 posts
Yeah that one got me last year :-/ Fortunately I was only over by about $800 and withdrew it before the next amount actually went in (cheque was in the post), but still. Pretty annoying!

You should have 2011+2012+2013, just like me.
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