This is unfortunate. I was hoping the Liberals would forget about this until next year, allowing another $10,000 contribution in 2016.
Quote:
Liberals detail how they will roll back TFSA contribution limits
Federal Finance Minister Bill Morneau confirmed Monday that the contribution limit on the tax-free savings account will drop back to $5,500 from $10,000 effective Jan. 1, 2016, but that the limit for 2015 will remain untouched. Mr. Morneau also announced that contributions will be indexed to inflation as of next year.
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