$6000 can be added to Tax-Free Savings Accounts (TFSA) for 2020. If you were born in 1991 or earlier you can have up to $69,500 of contribution room. Always verify your contribution room before adding additional amounts to be sure you’re not over-contributing.
Good news the TFSA contribution room got an inflation bump from $5500 to $6000 for 2019. You may also have unused contribution room from previous years. Contact us to see how a TFSA fits in your financial plan.