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Morris just celebrated his 6 0 th birthday with his family. It was quite the surprise as many came from out of town. His children

Morris just celebrated his 60th birthday with his family. It was quite the surprise as many came from out of town. His children who are quite established in their professional careers are grateful for everything their father did for them especially as he raised them as a single dad, having lost his wife when the children were young. Morris worked hard his entire life, working two jobs to make ends meet. For that incredible upbringing and fatherly support, his children gave him $100,000 for his birthday present for a more comfortable retirement as their father had little savings. Morris decided to use this money to maximize his Tax-Free Savings Account (TFSA). What is the maximum that Morris can contribute in 2024? Consider any carry-forward room.
We are August 14,2024
Morris retired August 1,2024
Morris opened a TFSA account in 2009 where he contributed $5,000 at that time (the only contribution that he has made to date)
He withdrew $8,000 from his TFSA in May 2023 when his account had a market value of $8,248

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