Making Money Minute with Ron Hiebert - TFSA Info
The amount you can put into a Tax Free Saving Account remains unchanged for 2026. The maximum is still $7,000. The sweet spot, is for those who were 18 or older as of 2009, and have never contributed to a TFSA. Because of the carry forward provisions, which allow for banking past unused contributions, and then using them in the future. This gives those eligible, up to $109,000 worth of contribution room. For anyone who has the funds available to do so - maybe from an inheritance or large asset sale - the TFSA is a great place to hide future income from the taxman. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
