CRA confirmed the new TFSA limits for 2018 at $5,500 for the year again.
This takes us to a total of $57,500 in contribution room as long as you were 18 before 2009, and haven’t withdrawn from your TFSA.
Confused about how much space you have? Your amount should be listed on your 2016 income tax statement from CRA. Take this number, then add on the amounts for 2017 and 2018 and you will have an accurate amount for the coming year.