Figuring Out TFSA Contribution
Hi guys, quick question about my remaining TFSA contribution limit. I know the limit has been increased to $10,000 a year. I'm confused how much I can invest this year. I was under 18 when the program started, I added and withdrew funds over the last few years, and with this new $10,000 limit it's become even more confusing. All I know is I haven't been penalized because I never went over the $5,000/$5,500 limits in previous years. Called CRAs automated telephone banking and they gave me a number of around $30,000. I'm guessing it's so large because of the new $10,000 limit?