Ottawa Investment Advisor John Bruce

TFSA Contribution Increase

April 24, 2015 · Print This Article

The April 2015 Budget and it is good news!

On Tuesday, Finance Minister, Joe Oliver introduced changes to the TFSA. The amount Canadians can contribute to their tax-free savings account has been raised to $10,000 each year. This is effective immediately. It is an increase from the previous limit of $5,500.

The TFSA allows your capital gains, dividend and interest income to grow tax free. Nearly doubling the limit is great news for your investments sheltered in this wealth building tool. Take advantage of it now before the politicians take it back.

Please call me at 613-491-3344 or toll free at 866-860-4190 if you wish to top up your contribution for 2015.

John S. Bruce
Senior Investment Advisor


Mackie Research Capital is a national investment firm with offices in Vancouver, Calgary, Regina, Toronto and Montreal.

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