The 2024 TFSA dollar limit is, or is not, possibly maybe confirmed, but not really, at $7,000, by me and not the CRA

[samira]

@tnvolfirefighter for years mine was not up to date online, so I had a rough Idea of where I stood by tracking room with an excel sheet. Starting in 2022, around the time I filed my taxes the number on my cra suddeny became current, so I updated my running tally accordingly. i.e. currect value as of January 1, 2022 was updated in March or April of 2022 to reflect all prior contributions and withdrawls.

I cross checked again in 2023 for all 2022 contributions and both my accounting the CRA's was exactly matched.

During the year I keep track of how much I contribuite monthly, which is %541 (6500/12). I also have a $500 buffer in my TFSA room, so I don't risk accidental over-contribution.

 

[rockgurl1965]

@tnvolfirefighter

kind of impossible to do so now

Lol how do you figure that? All you need is common sense and a basic spreadsheet you update every time you make a contribution..

The CRA number is not accurate and should not be relied on for anything

 

[tnvolfirefighter]

@rockgurl1965 I gotta figure out all my other contributions and not mess up one thing since I've started

 

[rockgurl1965]

@tnvolfirefighter And? I did the same thing 3 years ago, looked at my bank statements and added up my contributions, took one evening at most. And ever since I've updated my spreadsheet each month.

It's literally that simple.

 

[rubiks]

@tnvolfirefighter If you are already trusting CRA, start from this year.

Use the number now as your basis, and start your spreadsheet. Then you don't need to rely on CRA going forward.