🎉 Celebrate the New Year: Canadians gain an extra $7,000 in the TFSA contribution room!

Happy New Year mooers!

As we welcome the new year, there's some great news for Canadian investors! In 2025, the TFSA (Tax-Free Savings Account) contribution limit will remain at $7,000, matching the high limit set 2024. As of today, Canadians who have fully utilized their TFSA contributions for 2024 are now eligible to contribute an additional $7,000 for 2025.

For individuals with unused contribution space, the TFSA provides carry-forward options starting from its inception in 2009 or from the year they turned 18 if that occurred later. Consequently, the total contribution space available next year for someone who has never contributed to a TFSA but has been eligible since 2009 will increase to $102,000, up from $95,000 this year.

TFSA is a great way to save and invest for various goals. It's a flexible, registered, general-purpose savings account that allows Canadians to earn tax-free investment income.

Plus, moomoo boasts outstanding perks, including:
Zero annual fees on US/Canada RRSP/TFSA accounts
Ultra-low foreign exchange fee of just 0.09% + US$2 per transaction
Incredible trading rates start from US$1.99 per transaction in the US market  and CDN$1.49 per transaction in the Canadian market

Be sure to maximize your contributions to enhance the growth of your savings while enjoying the benefits of tax-free returns with moomoo now.