Each family member in the Wise family received a large unexpected inheritance from a long-lost uncle on August 15, 2020. They are still in shock about this inheritance and want to use the money wisely. They have all agreed that the smartest financial move would be for each of them to open Tax-Free Savings Accounts (TFSAs) and to maximize their contributions. To date, no family member has made any TFSA contributions except for Steve who contributed $6,000 at the beginning of this year. They have asked you to help them determine the maximum amount permitted under the TFSA rules and they will then each contribute from their inheritance. (Hint: consider carryforward balances and contributions in 2020). Steve (father) turned 55 on April 10, 2020 Stella (mother) turns 48 on May 5, 2020 Anita (Steve's mother who lives with them) turns 71 on December 10, 2020 John (son) turned 23 on March 2, 2020 Twins (born minutes apart): Alley (daughter) turned 18 on December 31, 2019 and Joseph (son) turned 18 on January 1, 2020 Eva turns 17 on November 1, 2020 $265,000 $259,000 $261,500 $266,500 $271,000