no, he is referring to the total contribution room that would have been available as of Jan.1, 2014, if you had never contributed before. That would be $31,000
https://en.wikipedia.org/wiki/Tax-Free_Savings_Account
- 2009: $5,000
- 2010: $5,000
- 2011: $5,000
- 2012: $5,000
- 2013: $5,500
- 2014: $5,500
The allowed sum of contributions as of 2014 is therefore $31,000.[12]