TFSA Contribution Room Calculator
Find out how much you can contribute to your Tax-Free Savings Account in 2026. Enter your year of birth and past contributions to calculate your total and remaining TFSA room based on official CRA annual limits.
Updated for 2026 — includes all annual limits from 2009 to 2026
Calculate Your TFSA Room
Enter the year you were born (e.g. 1990)
Sum of all contributions you have ever made
Sum of all withdrawals you have ever made
How to Use This Calculator
Enter Your Year of Birth
This determines the first year you were eligible to accumulate TFSA contribution room. You become eligible on January 1 of the year you turn 18.
Enter Contributions and Withdrawals
Add up all the deposits you have ever made to your TFSA(s), and separately total all withdrawals. You can find this information in your CRA My Account.
View Your Room
See your total cumulative room, how much you have used, and how much you can still contribute. A year-by-year breakdown shows the annual limits since the TFSA began.
How TFSA Contribution Room Works
Room = Annual Limits + Withdrawals - ContributionsYour TFSA contribution room is the maximum amount you are allowed to deposit into your Tax-Free Savings Account(s) at any given time. It is determined by three factors:
1. Sum of annual limits for each year you were eligible2. Plus: total withdrawals from previous years (added back Jan 1)3. Minus: total contributions you have ever madeKey rules that affect your TFSA contribution room:
- Eligibility starts at 18: you accumulate room from January 1 of the year you turn 18, even if you do not open an account that year
- Unused room carries forward indefinitely, so there is no rush to contribute each year
- Withdrawals restore room on January 1 of the following year — not immediately, so re-contributing in the same year may cause an over-contribution
- Over-contributions are penalised at 1% per month on the excess amount until the excess is withdrawn or absorbed by new room
- Multiple TFSAs count together: if you hold TFSAs at more than one institution, the total contributions across all accounts must stay within your room
The annual limit is set by the CRA and indexed to inflation, rounded to the nearest $500. The limit has ranged from $5,000 (2009–2012) to $10,000 (2015) to $7,000 (2024–2026).
TFSA Annual Limits (2009–2026)
| Year | Annual Limit | Cumulative Total |
|---|---|---|
| 2009 | $5,000 | $5,000 |
| 2010 | $5,000 | $10,000 |
| 2011 | $5,000 | $15,000 |
| 2012 | $5,000 | $20,000 |
| 2013 | $5,500 | $25,500 |
| 2014 | $5,500 | $31,000 |
| 2015 | $10,000 | $41,000 |
| 2016 | $5,500 | $46,500 |
| 2017 | $5,500 | $52,000 |
| 2018 | $5,500 | $57,500 |
| 2019 | $6,000 | $63,500 |
| 2020 | $6,000 | $69,500 |
| 2021 | $6,000 | $75,500 |
| 2022 | $6,000 | $81,500 |
| 2023 | $6,500 | $88,000 |
| 2024 | $7,000 | $95,000 |
| 2025 | $7,000 | $102,000 |
| 2026Current | $7,000 | $109,000 |
Source: Canada Revenue Agency (CRA). Assumes Canadian residency for all years shown.
Frequently Asked Questions
What is a TFSA?
A Tax-Free Savings Account (TFSA) is a registered account introduced by the Canadian government in 2009 that allows you to earn investment income tax-free. Contributions are not tax-deductible (unlike an RRSP), but all investment growth, interest, dividends, and capital gains earned inside the account are completely tax-free, even when withdrawn. Any Canadian resident aged 18 or older with a valid Social Insurance Number (SIN) can open a TFSA.
How is TFSA contribution room calculated?
Your TFSA contribution room accumulates every year starting from 2009 or the year you turned 18 (whichever is later). Each year, the CRA sets an annual dollar limit that is indexed to inflation and rounded to the nearest $500. Unused room carries forward indefinitely. Additionally, any amounts you withdraw from your TFSA are added back to your contribution room on January 1 of the following year. Your total room equals the sum of all annual limits since you became eligible, plus previous withdrawals, minus current contributions.
What is the TFSA contribution limit for 2026?
The TFSA annual contribution limit for 2026 is $7,000. If you have been a Canadian resident since 2009 and have never contributed, your total cumulative contribution room for 2026 is $109,000. The annual limit is indexed to inflation and adjusted in $500 increments by the CRA.
What happens if I over-contribute to my TFSA?
If you exceed your TFSA contribution room, the CRA charges a penalty tax of 1% per month on the highest excess amount in that month. This penalty continues until you remove the excess amount or gain enough new contribution room to cover it. The CRA will send you a letter and you may need to file a special return (RC243). To avoid over-contributing, always check your CRA My Account for your official contribution room before making large deposits.
Do TFSA withdrawals get added back to my contribution room?
Yes, any amount you withdraw from your TFSA is added back to your contribution room, but not until January 1 of the following year. This means if you withdraw $5,000 in 2025, that $5,000 is added to your room on January 1, 2026, in addition to the new annual limit. Important: do not re-contribute the withdrawn amount in the same year unless you have enough existing room, or you will be over-contributing.
At what age can I open a TFSA?
You can open a TFSA once you turn 18 and have a valid Social Insurance Number (SIN). Contribution room starts accumulating from January 1 of the year you turn 18, or from 2009 if you were already 18 at that time. Note that in some provinces (British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, and Yukon), the age of majority is 19, so you may not be able to open an account until age 19, but your contribution room still starts at 18.
Important Disclaimer
This calculator provides estimates for informational purposes only and is not financial or tax advice. Your actual TFSA contribution room may differ based on factors such as residency status, transfers, qualifying transfers from a deceased holder, or CRA adjustments. Always verify your official contribution room through your CRA My Account or by contacting the CRA directly before making large contributions. Consult a qualified financial adviser or tax professional for personalized guidance.