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CRA announces TFSA limit for 2023

The TFSA contribution limit for 2023 has been officially released. That limit is $6,500, up from $6,000, which was the amount set from 2019 to 2022.

The increased TFSA limit for 2023 “is great news to those who have the resources to utilize their full contribution room,” said Aaron Hector, Private Wealth Advisor with CWB Wealth in Calgary.

Click here to read the full article by Rudy Mezzetta, published by Investment Executive, featuring insights from Aaron Hector, Private Wealth Advisor.

The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability or its contents or for any consequences arising from its use.