0.9% adjustment factor could be enough. Amounts are rounded to the nearest whole dollar by subsection 117.1 (3):

$7,185.00 * (1 + 0.009) = $7,249.665 ⇨ $7,250.00 raw amount

Rounding

117.1 (3) Where an amount referred to in this section, when adjusted as provided in this section, is not a multiple of one dollar, it shall be rounded to the nearest multiple of one dollar or, where it is equidistant from two such consecutive multiples, to the higher thereof.

Definitions

207.01 (1) The following definitions and the definitions in subsections 146(1) (other than the definition benefit), 146.1(1), 146.2(1), 146.3(1), 146.4(1) and 146.6(1) apply in this Part and Part XLIX of the Income Tax Regulations.

…

TFSA dollar limit for a calendar year means,

(a) for 2009 to 2012, $5,000;

(b) for 2013 and 2014, $5,500;

(c) for 2015, $10,000; and

(d) for each year after 2015, the amount (rounded to the nearest multiple of $500, or if that amount is equidistant from two such consecutive multiples, to the higher multiple) that is equal to $5,000 adjusted for each year after 2009 in the manner set out in section 117.1. (plafond CÉLI)
…

Bill said
Seems to me there are usually not many TFSA promos until later in the year, maybe the thinking is why pay extra to the TFSA keeners who are going to make their yearly contribution asap anyway.  

Agreed, but it mostly depends on their need for funds. TFSA cash pays lower rates in HISA than GICs, but they all know that the major depositors NEVER withdraw from TFSA HISAs, so a vast majority of the funds can be counted on long term while paying less than GIC rates. The keeners are THE source of these not-HISA-short term funds.

So I'm surprised the rate gap strategists aren't falling all over themselves to attract these keeners/larger depositors.

I prefer to keep TFSA GIC maturities near the end of the year to have the December manouver available if an FI decides they don't want to be competitive any more (I'm looking at you Motive-turned-National Bank).

I'm never going to use it but daughter will benefit someday and at least that amount will be out of my mind for 5 years.

Staying steady at 2% 2026-2029 gets us $8000 by 2030, 2029 if 3%, 2028 if 4%.

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.

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.