CRA Confirms TFSA limit for 2018

The TFSA contribution limit for 2018 will remain $5,500. The indexation adjustment for personal income tax and benefit amounts is 1.5% for 2018, which is not enough to raise the TFSA limit to the next $500 increment. In 2017, the Consumer Price Index has fallen from 2.1% in January to 1.4% in October, reaching a low of 1% in June. With the TFSA limit at $5,500 for 2018, the total room available in 2018 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is $57,500.