May 11, 2019 2018 $5,500. 2019 $6,000. 2020 $6,000. 2021 $6,000. Source Canada Revenue Agency. To be eligible for the TFSA, you must be at least 18 years old, be a resident of Canada and have a valid Social Insurance Number. The investment income earned in your TFSA is not taxable, even if withdrawn from the account.