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Personal Investor: TFSA growing pains for 2017

16 Dec 2016 11:28 | Manjot Cheema (Administrator)

First the good news: the tax-free savings account contribution limit for 2017 has been set at $5,500. That means Canadians over 18 years old can invest that amount in just about anything and the gains will never be taxed.

Now the bad news: trying to figure out where you stand personally on total contribution limits can be like trying to dismantle a bomb. Cumulative contribution limits have been growing since the TFSA program was introduced eight years ago, but with money coming in and going out - and some Canadians with several accounts - 

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