Contribution Room
People are entitled to make contributions up to these amounts for each year they are aged 18 and older:
- 2009: $5,000
- 2010: $5,000
- 2011: $5,000
- 2012: $5,000
- 2013: $5,500
Read more about this topic: Tax-Free Savings Account
Famous quotes containing the words contribution and/or room:
“The corruption of the age is produced by the individual contribution of each one of us; some contribute treachery, others injustice, irreligion, tyranny, avarice, cruelty, in accordance with their greater power; the weaker ones bring stupidity, vanity, passivity, and I am one of them.”
—Michel de Montaigne (1533–1592)
“You want to prepare your child to think as he gets older. You want him to be critical in his judgments. Teaching a child, by your example, that there’s never any room for negotiating or making choices in life may suggest that you expect blind obedience—but it won’t help him in the long run to be discriminating in choices and thinking.”
—Lawrence Balter (20th century)