2017 TFSA Limits

January 3, 2017- The new year brings the opportunity to contribute up to a $5500 maximum to your TFSA for 2017, and replace any contributions you may have withdrawn in a previous calendar year. The cumulative total is now to $52,000. Don’t forget that in spite of the name (Tax Free Savings Account), a savings account is NOT the only option available to you. Review your investment objectives, risk tolerance and time horizon with your financial advisor to see if investments offering greater growth potential (stocks, bonds, mutual funds, segregated funds, etc.) are more appropriate for your needs.