4 thoughts on “TFSA and RRSP must-knows for 2014

  1. Pingback: TFSAs – What to invest in? | Modern Centsability

  2. Pingback: What Are You Waiting For? | Ryan Jones

  3. “Total contribution room since the advent of TFSAs is $31,000. If you haven’t contributed yet, this is the maximum you can put in.”

    Technically not true. You gain contribution room every year that you were over 18 AND a resident of Canada (for any portion of the year). So if you lived outside the country since 2009, or are younger than 22 this year, you may not have the full amount.

    • Yes Daniel, you’re correct. My main generalization was that a Canadian resident adult will have achieved $31,000 in total contribution room based on ‘normal’ standards. Thanks for your input.

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