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2019 Contributions
October 19, 2018
11:21 pm
Loonie
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Congratulations on figuring this out well in advance of any government announcement about TFSA contributions!sf-cool

October 19, 2018
11:31 pm
Vatox
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Yes, $404 or 6.9% to reach $6251. We will see what number the CRA officially confirms. Their rounding and tweaking may differ.

But it's definitely going to be $6000 in January contribution.

October 19, 2018
11:45 pm
Vatox
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Loonie said
Congratulations on figuring this out well in advance of any government announcement about TFSA contributions!sf-cool  

lol, thx. Those government types need a couple months to do the calculation. Stretch out the time and look busy. Lol

November 20, 2018
9:04 am
Vatox
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Mmmm... indexation factor used by cra is 2.2% of $5721.

I love it when a plan comes together.

November 20, 2018
9:37 am
frugal lady
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Vatox said

But it's definitely going to be $6000 in January contribution.  

You are absolutely correct - confirmed at $6,000 for 2019

https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html

November 20, 2018
11:01 am
Rick
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Thanx for calculating way back in Oct. Appreciate your efforts. I'm covered for 2019. sf-laugh

November 20, 2018
11:16 am
Vatox
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Rick said
Thanx for calculating way back in Oct. Appreciate your efforts. I'm covered for 2019. sf-laugh  

You're welcome. Glad to help.

November 27, 2018
12:53 pm
Vatox
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Vatox said
Now with September data, my calculation comes to $5847  

I have verified the indexed value.

IMG_6037.PNG

That's precision!

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