How much can be contributed to a TFSA?
With a Union Securities TFSA, you can create a diversified portfolio with access to a broad range of investment solutions. TFSA-eligible investments are similar to those of an RRSP, including stocks, bonds, GICs and mutual funds. Your contribution limit for a given year = contribution limit that year + unused room from previous years + amount withdrawn in previous years For example, if you contribute $2,000 in 2009, in 2010 your contribution limit will be $8,000: $5,000 in 2010 plus $3,000 unused from 2009. If you contributed $5,000 in both 2009 and 2010 and then withdrew $2,000, you would be able to deposit $7,000 in 2011: $5,000 for 2011 and $2,000 replacement.
