The Canada Revenue Agency (CRA) has announced that the TFSA contribution limit for 2025 is $7,500. This is a continuation of the 2023 and 2024 limit, which was also $7,000, after multiple years of $6,000. This increase reflects adjustments based on inflation and demonstrates the growing value of the TFSA as a long-term savings and investment vehicle

Total Contribution Room

If you’ve been eligible since the TFSA was introduced in 2009 and have never contributed, your total contribution room as of January 1, 2025, is $103,500.

Here’s how that adds up:

  • 2009–2012: $5,000/year

  • 2013–2014: $5,500/year

  • 2015: $10,000

  • 2016–2018: $5,500/year

  • 2019–2022: $6,000/year

  • 2023–2025: $7,000/year

Important Reminder: Contribution room carries forward indefinitely. Even if you missed past years, you haven’t lost the opportunity.

How I Can Help You in 2025

As a trusted Ottawa-based financial advisor, I specialize in helping individuals and families make the most of their tax-advantaged accounts. Here’s how I can support you:

Maximize Tax-Free Growth

Whether you’re saving for retirement, a home, or simply growing wealth, I can help you choose investment options inside your TFSA that align with your risk profile and goals.

Avoid Over-Contribution Penalties

Overcontributions can result in a 1% monthly penalty tax. I help you track contributions and withdrawals to ensure compliance with CRA rules.

Tailored TFSA Strategies

From using your TFSA to hold dividend-paying stocks or ETFs to creating an emergency fund, I work with you to build a customized plan.

TFSA vs RRSP Guidance

Should you contribute to a TFSA or an RRSP? The answer depends on your income, retirement plans, and tax bracket. I help you make the right call.

If you’re in Ottawa or the surrounding area and want to make the most of your TFSA in 2025, I’m here to guide you every step of the way. Contact me today for a personalized consultation and let’s grow your wealth—tax-free.