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TFSA Contribution Room Calculator

Work out your TFSA contribution room for 2026 from the year you turned 18, what you’ve put in, and what you’ve taken out.

Or moved to Canada, if later. Room builds from 2009 at the earliest.

$

All contributions since you opened a TFSA

More options· Withdrawals
$

Added back to your room

$

Comes back next year

Your TFSA room for 2026

$109,000

$109,000 of room since 2009, less what you’ve put in

New room in 2026
$7,000
Back in 2027
$0

What this means

Invested at 5% a year, $109,000 would grow to about $289,209 in 20 years, all of it tax-free.

Your exact room is in the CRA’s My Account. It can lag behind by a few months, so include anything you’ve put in or taken out this year.

Next step

Yearly limits

YearLimit
2009$5,000
2010$5,000
2011$5,000
2012$5,000
2013$5,500
2014$5,500
2015$10,000
2016$5,500
2017$5,500
2018$5,500
2019$6,000
2020$6,000
2021$6,000
2022$6,000
2023$6,500
2024$7,000
2025$7,000
2026$7,000

How TFSA room works

  • You get new room every January, and unused room carries forward forever.
  • Money you take out is added back to your room the next January, not straight away.
  • Growth, interest and withdrawals are never taxed, and don’t affect benefits like OAS.
Assumptions in this estimate
  • Assumes you’ve been a resident of Canada with a social insurance number every year since you became eligible.
  • Transfers between your own TFSAs don’t count as contributions or withdrawals.
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How the calculator works

  1. When you became eligible: the year you turned 18, or moved to Canada, whichever is later. Room starts in 2009 at the earliest.
  2. What you’ve put in: every contribution since you first opened a TFSA.
  3. Withdrawals: money taken out in earlier years is added back to your room.

Total room by starting year

You became eligible Room in 2026 (nothing put in yet)
2009 or earlier $109,000
2015 $78,000
2020 $45,500

Not sure whether a TFSA or RRSP suits you better? The RRSP vs TFSA calculator compares them for your income, and our guide to RRSP vs TFSA explains the choice.

Last updated

Frequently asked questions

What is the TFSA limit for 2026?

$7,000. If you’ve been eligible since 2009 and never contributed, your total room in 2026 is $109,000.

When does withdrawn money come back?

On January 1 of the next year. Putting it back in the same year uses new room, and can lead to an over-contribution.

What happens if I put in too much?

You pay a tax of 1% a month on the extra until you take it out or new room covers it.

Where can I see my exact room?

In the CRA’s My Account, under RRSP and TFSA. It can be a few months behind, so allow for this year’s contributions and withdrawals.