« Home page, calculator and conversion
Calculate Sales tax US

Sales Tax States, to calculate sales tax of US States, city and zip code.

salestaxstates.com

Maximum TFSA contribution calculator for 2018

Calculate the maximum you can contribute in 2018

Enter these variables into the calculator: TFSA Start Year = the first year you were eligible for the TFSA, Contribution Year = last year or year of contribution, Previous amount contributed = the total amount of your previous contributions.

- =

The TFSA

The tax-free savings account, since 2009, allows Canadian over 18 years of age to save for the future, without having to pay income tax on investment income and capital gains.

Calculation of TFSA contribution limit


Maximum contribution for the current year for your TFSA + Unused contributions from previous years.

To facilitate the implementation of the calculation, our formula (which returns the same results as above) is as follows:

Sum of all the maximums between Start Year and Year of Contribution = Maximum contribution amount

Calculation example

The following fields are entered:

  • Start year = 2014
  • Contribution year = 2018
  • Past Contribution amount = $ 1,400

$ 5500 (2014) + $ 10,000 (2015) + $ 5,500 (2016) + $ 5,500 (2017) + $ 5,500 (2018) - $ 1,400 = $ 30 600$ that can be contributed

TFSA's annual limit

  • Maximum for 2009 to 2012 = $ 5,000
  • Maximum for 2013 and 2014 = $ 5500
  • Maximum for 2015 = $ 10 00
  • Maximum for 2016 = $ 5,500
  • Maximum for 2017 = $ 5,500
  • Maximum for 2018 = $ 5,500

Note that any changes in the value of your savings (TFSA investments) will not affect the annual limit for the current year or subsequent years.

However, amounts you withdraw from your TFSA can be recovered in the next year.

Calculators

Canada sales tax

2018

2017

United Kingdom (UK) sales tax

France VAT

Australia GST

Income taxes in Canada

Paypal Fees and commission

Salary and Work

Other calculator

By continuing your navigation on Calcul Conversion or by clicking on the close button you accept the use of cookies. x