IMPORTANY

Philip just won $100,000 in the lottery! With this money he would like to invest it wisely and put as much as he can in a Tax-Free Savings Account (TFSA). Calculate Philip's maximum amount that he can contribute to his TFSA assuming the following: We are December 17, 2021 Philip is 60 years old and just retired Philip contributed $4,000 to his TFSA in 2019 Tax-Free Savings Account (TESA): Annual Limits Years Annual Limit Years Annual Limit Year started 2009 $5,000/year 2016 - 2018 $5,500/year 2012 2013 - 2014 $5,500/year 2019-2020 $6,000/year 2015 $10,000/year 2021 $6,000/year