2016 TFSA Limit

The Tax Free Savings Account annual contribution limit for 2016 and subsequent years will be rolled back to $5,500 from the $10,000 limit in 2015. The 2015 limit remains and that means even if you did not make the full contribution in 2015, that contribution room will remain available to you. The cumulative limit in 2016 for an individual who was 18 or older in 2009 will be $46,500. The $5,500 annual increase in the limit will be subject to an annual indexing review.