TFSA Contribution Limits Amount Year(s) 2009 to 2012 2013, 2014 2015 $5,000 Total $20,000 $5,500 $11,000 $10,000 $10,000 2016 to 2018 $5,500 $16,500 2019 to 2022 $6,000 $24,000 2023 $6,500 $6,500 2024 $7,000 $7,000 Grand Total $95,000 Question 1 Lenny turned 18 on February 27, 2022. He has never opened a TFSA account. How much could he contribute to a TFSA account in 2024? Question 2 Gurdeep turned 18 on October 8, 2015. She opened a TFSA account in March 2021 and contributed $3,000 in each of 2021, 2022, and 2023. How much could she contribute to a TFSA account in 2024? Question 3 Shalene turned 18 on July 12, 2013. She opened a TFSA account later that year and deposited $5,000. In 2014, she deposited $3,000. She deposited an additional $4,500 in 2015. On December 15, 2015, she withdrew $1,500. She then made the following transaction from 2016 to 2023: Year Deposits Withdrawals 2016 2017 $4,000 $4,000 $0 $0 2018 $0 $2,500 2019 2020 $6,000 $0 $0 $3,000 2021 2022 $500 $5,500 $10,000 2023 $6,000 $0 $1,500 How much could she contribute to a TFSA account in 2024? Question 4 Wonda turned 18 on November 24, 1970. She opened a TFSA account in 2009 but never made any deposits. How much could she contribute to a TFSA account in 2024?