2018 TFSA Contribution Limit | Tax Free Savings Accounts | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
2018 TFSA Contribution Limit
November 16, 2017
3:25 pm
pebbles
Member
Members
Forum Posts: 32
Member Since:
August 19, 2011
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

Does anyone know if the 2018 contribution limit has been announced yet?

November 16, 2017
3:51 pm
AltaRed
BC Interior
Member
Members
Forum Posts: 3224
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline
Go to Top
2sp_EditHistory sp_Permalink sp_Print

I think it is not until sometime in December when they have the CPI stats for November available. I doubt CPI is high enough to warrant a change for 2018 though.

November 16, 2017
6:44 pm
Norman1
Member
Members
Forum Posts: 7359
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
3sp_EditHistory sp_Permalink sp_Print

It can be calculated now. It is CPI for the 12 months that end on September 30 that is prescribed by Section 117.1 of the Income Tax Act.

StatsCan released the September CPI last month: Consumer Price Index, September 2017

CPI increased 1.6% in the 12 months ending September 30.

November 16, 2017
7:12 pm
Bill
Member
Members
Forum Posts: 4060
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

I believe at the end of last year the cpi adjusted amount was up to $5637. It needs to get to $5750 for the limit to be raised to $6000, so it looks like it'll stay where it is for 2018.

November 17, 2017
9:29 am
Nehpets
Ontario
Member
Members
Forum Posts: 997
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline
Go to Top
5sp_Permalink sp_Print

Anyone interested in an overview of TFSA structure and contributions:

Gov of Canada: Contributions

November 19, 2017
8:14 am
SavingIsGood
Member
Banned
Forum Posts: 215
Member Since:
February 18, 2016
sp_UserOfflineSmall Offline
Go to Top
6sp_Permalink sp_Print

Do not expect 10K limit from current government. Pretty boy needs money for vacations and chopper usage to visit his rich friends.

November 19, 2017
2:14 pm
JenE
Member
Members
Forum Posts: 418
Member Since:
May 24, 2016
sp_UserOfflineSmall Offline
Go to Top
7sp_Permalink sp_Print

Well, Morneau isn't bad looking, but I don't think pretty really describes him!

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.