You’re allowed to have more than one TFSA, but your total contribution room doesn’t change. It’s shared between all of your accounts. Understanding the rules is vital, as you’ll be able to use your TFSA to your advantage while avoiding any penalties. About the Author Siddhi Bagwe ...
Keep in mind that the investment income earned in your TFSA and changes in the value of your investments do not affect your TFSA contribution room for current or future years. The annual TFSA contribution room is subject to change by the federal government. Additional information can be fo...