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Boris just inherited $200,000 from his brother's estate. He is thinking of contributing to his Tax-Free Savings Account (TFSA). What is the maximum Boris can

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Boris just inherited $200,000 from his brother's estate. He is thinking of contributing to his Tax-Free Savings Account (TFSA). What is the maximum Boris can contribute in 2023? - We are April 24, 2023 - Boris is 72 years old - Boris retired in 2016 - Boris opened his TFSA account in 2009 where he contributed $5,000 at that time (the only contribution that he has made to date) - Boris withdrew $8,000 from his TFSA in May 2022 when his account market value was $8,248 - Boris no longer remembers how the TFSA works, but if he is eligible, he would like to use the money inherited from his brother's estate to make a lump sum contribution to his TFSA. He would also like to consider any carry-forward room that he may have. Tax-Free Savings Account (TFSA): Annual Limits Select one: a. Nothing can be contributed to his TFSA as Boris is retired and therefore can no longer contribute under the TFSA rules b. $88,000 c. $83,000 d. $91,000 e. Nothing can be contributed to his TFSA as Boris is over age 71 and therefore can no longer contribute under the TFSA rules Clear my choice

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