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Last updated: December 07 2016
TFSA Contribution Limit for 2017
The annual TFSA contribution room is indexed to the consumer price index (CPI), but the contribution limit is increased only in increments of $500.
As of January 1, 2017, TFSA contribution limits are increased by any withdrawals in 2016 plus the additional contribution room for 2017. Per the indexing formula, the 2017 contribution limit is $5,657, which will be rounded down to $5,500.
For those who are over 25 and have never made an TFSA contribution, the total accumulated contribution limit since 2009 totals $52,000. Contribution room is not earned until the taxpayer is age 18 so younger taxpayers will have a lower cumulative limit.
The following table shows the contribution limit by year.
 |
| Year |
Indexed Limit |
Actual Limit |
Cumulative Total |
|---|---|---|---|
| 2009 | $5,000 | $5,000 | $5,000 |
| 2010 | 5,030 | 5,000 | 10,000 |
| 2011 | 5,100 | 5,000 | 15,000 |
| 2012 | 5,243 | 5,000 | 20,000 |
| 2013 | 5,348 | 5,500 | 25,500 |
| 2014 | 5,396 | 5,500 | 31,000 |
| 2015 | Legislated | 10,000 | 41,000 |
| 2016 | 5,559 | 5,500 | 46,500 |
| 2017 | 5,657 | 5,500 | 52,000 |
The contribution limit will further increase to $6,000 only when the indexed limit exceeds $5,750. Depending on the CPI, this will occur in 2018 or 2019.
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