Can I purchase ETFs within a TFSA? How do I find out my TFSA contribution limit?

Our response:

The Canada Revenue Agency (CRA) sets and enforced qualified investments that can be held in registered plans. Read their publication, Qualified Investments – RRSPs, RESPs, RRIFs, RDSPs and TFSAs, for more information.

To find out your Tax-Free Savings Account (TFSA) contribution limit, you can use one of these CRA services:

• My Account
• MyCRA
• Tax Information Phone Service (TIPS)

Learn more about TFSAs.