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Email this12:25 pm
January 12, 2019
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.
I kinda had my hopes up for $7.5K, but no luck . . .
.
Maybe next year,
- Dean
" Live Long, Healthy ... And Prosper! "
11:02 pm
February 7, 2019
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Dean said
.
I kinda had my hopes up for $7.5K, but no luck . . ..
Maybe next year,Dean
We'd need Year-over-Year 14+% inflation in October to get you that $7500 TFSA limit in 2026. 🙂
| CGO |
12:09 am
April 6, 2013
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The 2025 raw TFSA dollar limit is $7,044.00. Need rise to $7,250 at least to have $7,500 dollar limit. Need inflation to be 2.93% or more for that.
2:45 pm
November 19, 2022
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Norman1 said
The 2025 raw TFSA dollar limit is $7,044.00. Need rise to $7,250 at least to have $7,500 dollar limit. Need inflation to be 2.93% or more for that.
My rent is up 4.66% from October 2025. Last year it was up 2.5%
Real inflation is more than posted by the government.
2:45 pm
January 12, 2019
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Thanks Norman and Cgouimet ⬆️
It looks like we've got a while to wait (years), for the contribution limit
to be bumped to $7.5K. 
- Dean
" Live Long, Healthy ... And Prosper! "
3:17 pm
April 27, 2017
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UkrainianDude said
My rent is up 4.66% from October 2025. Last year it was up 2.5%
Real inflation is more than posted by the government.
Rent inflation has been running at around 5%, much higher than other CPI components. Your personal “real” inflation is not the same as “average” either. If you were buying an average house in August then your “inflation” was minus 3.4% (also unrepresentative).
3:27 pm
January 12, 2019
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... Ditto ⬆️
As with all government posted inflation #s, personal/individual experiences will Vary (i.e. it's an Average).
- Dean
" Live Long, Healthy ... And Prosper! "
2:57 am
February 7, 2019
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Norman1 said
The 2025 raw TFSA dollar limit is $7,044.00. Need rise to $7,250 at least to have $7,500 dollar limit. Need inflation to be 2.93% or more for that.
For additional clarity, that 2.93% needed to $7250 and therefore $7500, is not the Sep Inflation % but rather the average Yar-over-Yr of the 12 months ending in Sep. Currently that average is 1.96%. So, we would need a really big spike in the Sep number to get that average to 2.93+% ...
| CGO |
3:08 am
February 7, 2019
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Dean said
.
Thanks Norman and Cgouimet ⬆️It looks like we've got a while to wait (years), for the contribution limit
to be bumped to $7.5K.Dean
If current average Oct-Sep of 1.96% repeats itself through Sep 2026, $7500 in 2027 ...
| CGO |
8:02 am
November 19, 2022
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In the UK Sipp (like rrsp ) you can contribute up to 100% of income (vs 18 % in Canada ) and available to contribute up to 6k cad a year even if you earn no earned income at all! In Canada only work income. Also when you withdraw at 55 , 25% is tax free. Canada is 100% tax from first dollar.
In the UK Isa like tfsa has limit of about 35k a year contribution, Canada is a tiny 7k. Even if it resets each year you can accumulate much more tax free in UK.
12:25 pm
April 27, 2017
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UkrainianDude said
In the UK Sipp (like rrsp ) you can contribute up to 100% of income (vs 18 % in Canada ) and available to contribute up to 6k cad a year even if you earn no earned income at all! In Canada only work income. Also when you withdraw at 55 , 25% is tax free. Canada is 100% tax from first dollar.In the UK Isa like tfsa has limit of about 35k a year contribution, Canada is a tiny 7k. Even if it resets each year you can accumulate much more tax free in UK.
Until 2024 UK had maximum lifetime allowance for pensions/sipp assets. If you accumulated over ~1M GBP then youd were hit with higher taxes on withdrawals, so that served as an effective barrier to stop people from contributing the max over working life.
Now they cancelled LTA, so the rules are unusually generous. That said, high earners have a much lower SIPP contribution limit at just 10K GBP.
ISA is not as flexible as TFSA. Once you withdraw, the room is lost permanently. Still more generous, I agree.
The downside in Britain is the stamp duty they charge every time you buy shares. Their trading platforms are not as good, and the choice of ETFs is relatively poor.
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