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The executor of Lindsay's mother's estate called last week to let her know that she has inherited $ 9 0 , 0 0 0 .

The executor of Lindsay's mother's estate called last week to let her know that she has inherited $90,000. The executor confirmed that the money will be transferred to Lindsay's bank account on December 18,2023. Lindsay knows her mother worked hard to save this money and wants to put it to good use. She therefore wishes to use as much of this money as she can to contribute the maximum amount to her Tax-Free Savings Account (TFSA). Taking into consideration the following, calculate the maximum that Lindsay can contribute to her TFSA? Do not forget about carryforward balances.
We are December 16,2023
Lindsay is going to the bank next week and wishes to contribute the maximum amount from her mother's estate to her TFSA
Lindsay turned 29 years old on May 5,2023
Lindsay's only contribution to date to her TFSA was for $6,000 in 2019
In 2020, when her TFSA account grew to a market value of $9,000, Lindsay withdrew the entire amount. Her TFSA account remains open but the balance is zero.
Tax-Free Savings Account (TFSA): Annual Limits
Years Annual Limit Years Annual Limit
Year started 2009-2012 $5,000/year 2016-2018 $5,500/year
2013-2014 $5,500/year 2019-2022 $6,000/year
2015 $10,000/year 2023 $6,500/year

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