CRA says clients can put more into TFSAs now

CRA has confirmed that clients can start taking advantage of the increased $10,000 contribution limit for the TFSA immediately.

The change, announced in Tuesday’s federal budget, hasn’t officially become law, which has caused confusion for some investors. CRA implements changes to tax laws as soon as they’re announced. We explain why here.

Read our analysis of what the increased TFSA limit means for clients, and read all our budget coverage here.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.