TFSA limit goes up to $5,500 per year 

TFSAs (Tax Free Savings Accounts) are a really good deal. More Canadians should start one as income earned from this plan is entirely tax free.

The increased limit goes up from $5,000 to $5,500 effective January 1, 2013.

There are no tax slips to worry about -  you won't get one! If you need help starting a TFSA (or just need more info), just drop me a note at glenns@belmontvillagefinancial.com.