Today's date is December 1, 2020.

Your client is Bill Smith.

Bill was born on January 30, 1993.

He opened his TFSA in March 2011 at TD Bank and contributed $5,000 at that time. No withdrawals from this account in 2011.

In March 2012, Bill contributed $3,500. In September 2012 Bill withdrew $1,500 to pay for his vacation. In December 2012 Bill withdrew another $1,000 for holiday presents.

In June 2013, Bill contributed $3,000. No withdrawals in 2013.

In February 2014, Bill withdrew $2,000 and made no contributions that year.

In 2015, Bill made no contributions or withdrawals to his TD Bank TFSA. However, Bill opened up a second TFSA at the Bank of Montreal (BMO) because of their higher interest rate, On October 1, 2015 Bill contributed $2,000 into his BMO TFSA.

In 2016, Bill made no contributions to either one of his TFSA. However, he withdrew $500 from his BMO TFSA in December 2016.

In 2017, Bill made on TFSA contributions or withdraws.

In 2018, Bill contributed $4,500 to his BMO TFSA. No withdrawals.

In 2019, Bill contributed $7,000 to his TFSA at TD Bank. No withdrawals.

Years	Additional Contribution Room Added to the TFSA Each Year by the Government
2009 to 2012	$5,000 per year
2013 and 2014	$5,500 per year
2015	$10,000 for the year
2016 to 2018	$5,500 per year
2019	$6,000 for the year
2020	$6,000 for the year

REQUIRED

Calculate the amount of TFSA contribution room for Bill for 2020.

HINT: Start your calculation in the year in which Bill turned 18 years of age.