TFSA Contribution Limit 2025

Views 1290Dec 20, 2024

Every year, the Canadian government sets a new annual contribution room for TFSAs. The annual TFSA contribution limit for 2025 has been set at $7,000, the same as the 2024 limit of $7,000.

Additionally, any unused contribution room from previous years can be carried forward, potentially allowing you to contribute a higher amount. Starting January 1, 2025, eligible Canadians will have a cumulative lifetime TFSA contribution limit of $102,000.

TFSA contribution limit by year

If you've never opened a TFSA before, you can deposit a significant amount—up to $102,000—as long as you were 18 or older in 2009.

Below is a breakdown of the cumulative and annual contribution limits since the TFSA program started, including how withdrawals are managed:

If you were 18 years old in 2009 and have not made any TFSA contributions, your maximum contribution limit for 2025 would be $102,000.
If you turned 18 after 2009, your lifetime TFSA contribution limit starts from the year you turned 18. This means your maximum limit will be lower than $102,000, depending on the year you became eligible.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy.