The annual limit is indexed to inflation and rounded to the nearest $500 increment, so once the relevant consumer price data is published, the next year's limit can be calculated before the Canada Revenue Agency confirms it. New room only opens on January 1, which makes the deposit a calendar item for clients who maximize the account each year, not a portfolio decision.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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