Brother Ivan never opened TFSA. Websites beneath say his TFSA contribution room is $63 500, but screenshot from his CRA online account says $64 800.68! Why? Which's right?
This current limit means someone who has never contributed to a TFSA and was old enough to have one since its inception will have a cumulative contribution room of $63,500 as of Jan. 1, 2019.
If you’re contributing in 2019 for the first time, you’re eligible to deposit $63,500 provided you’ve been over 18 years since 2009. If you’ve deposited some money over the years, just subtract that number from $63,500 to arrive at your maximum contribution.
If you have never contributed to your TFSA and turned 18 in 2009 or before, you are allowed to contribute up to $63,500 in 2019.