3:44 am

October 21, 2013

8:35 am

September 11, 2013

According to the link below "For the 2021 TFSA limit, the indexation factor is 1.0%. As such, when we calculate the indexed TFSA limit for 2021 (i.e. $5,958 x 1.0%), we have $6,017.58 which is rounded down to $6,000", so to me it looks like a CPI increase of about 3.85% would get it to $6250 which would be rounded up to $6500. If my calculation is right.

https://www.savvynewcanadians.com/tfsa-annual-limit-contribution-room-penalties-2018/

9:42 am

October 21, 2013

10:35 am

October 29, 2017

It will be $6000. There is no way we can make it to the next level. If we get high inflation every month for the next 12 months, we could make it for 2023, but that is unlikely. So it will be a few more years yet at $6000. Perhaps a new government might legislate changes, otherwise it’s going to be a while.

10:36 am

January 12, 2019

11:06 am

October 29, 2017

11:09 am

April 6, 2013

12:36 pm

October 29, 2017

Norman1 said

The inflation adjustment, prescribed byIncome Tax Actsection 117.1, is based on the September 30 Consumer Price Index (12 months).So, we will know when Statistics Canada releases it.

Yes, if we calculate it. We need both CPI values for August and September. The official calculation is usuallly released at the end of November or in December. But we can do it ourselves in October. I can confidently say it will be $6000 for January 2022, there is no realistic chance of getting enough inflation for the last two months. And as I said earlier we will need solid inflation numbers to be reported for the next 14 months to get enough for a raise in 2023

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