• Last Updated:
  • Feb 22nd, 2010 9:06 pm
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[OP]
Deal Addict
User avatar
May 23, 2006
1379 posts
8 upvotes

TFSA Question

I opened a TFSA with ING last year in Sept, I maxed it out at $5000. Does my contribution year start from Sept 2009-Sept 2010 or does it start Jan 2010?

Ie. If I deposit $5000 more into my account now, will it exceed my yearly limit? Also if that is the case, what happens to my account?

Thanks
2 replies
Sr. Member
Dec 12, 2009
751 posts
52 upvotes
Nova Scotia
It starts at the beginning of the calendar year, Jan 2010. So you're now in a position to make another $5k contribution.

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