TFSA 2023 Limit is $6,500

Make your 2023 TFSA contribution at the Energy Credit Union and earn 4.70%* for a 5 year term. If you would prefer to keep the funds liquid, you will earn 3.10% in our TFSA variable too!

The government announced that the TFSA Contribution limit for 2023 is $6,500.

Please note some information about our TFSAs

  • All interest earned in a TFSA is tax free.
  • Members can transfer their existing TFSA from other Financial Institutions.
  • Members can have more than 1 TFSA account as long as they are within the TFSA contribution limits.
  • 2023 TFSA Contribution limit is $6,500
  • As of January 1, 2023, the total cumulative contribution room for a TFSA is $88,000 for those who have been 18 years or older and residents of Canada for all eligible years.

If you have any questions please let us know by calling our offices at 416-238-5606 ext 0.

*Conditions apply, rates subject to change at any time.

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