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Karim is 25 years old and earns $75,000 annually from his job. He has contributed the maximum annual limit to his TFSA since he became
Karim is 25 years old and earns $75,000 annually from his job. He has contributed the maximum annual limit to his TFSA since he became eligible. The market value of his TFSA is $50,000. Last year, he withdrew $10,000 from his TFSA. His TFSA contribution limit is $6,500 in the current year, which he has not yet made. However, he did make a $2,500 RRSP contribution in the current year. Calculate his TFSA contribution room for the current year. $19,000 $4,000 $16,500 $14,000
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