TFSA Calculator
Calculate your TFSA contribution room from the official 2009–2026 CRA limits and project how your savings grow tax-free
Your TFSA History
Room starts accruing the year you turn 18 (no earlier than 2009), as long as you are a Canadian resident with a SIN.
Everything you have ever deposited into all your TFSAs combined.
These were re-added to your room on the January 1 after each withdrawal.
Not available again until January 1, 2027 — re-contributing sooner can create an over-contribution.
Figures as of June 2026. Assumes Canadian residency every year since you turned 18 — non-resident years do not accrue room. Your official number is in CRA My Account, but it only reflects transactions up to December 31 of last year.
Results
Contribution Room Available Now
Out of $109,000 accrued since 2009
Lifetime Room Accrued
Maximum possible (eligible every year since 2009)
2026 Annual Limit
New room added January 1
This is an estimate based on what you entered. Your official room is tracked by the CRA — check CRA My Account and keep your own records, since CRA data lags by up to a year.
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Frequently asked questions
What is the TFSA contribution limit for 2026?
The 2026 annual TFSA dollar limit is $7,000, unchanged from 2024 and 2025. The limit is indexed to inflation but only moves in $500 steps. If you have been eligible every year since the TFSA launched in 2009 and never contributed, your cumulative room as of January 1, 2026 is $109,000.
How is my TFSA contribution room calculated?
Room accrues automatically from the year you turned 18 (no earlier than 2009) for every year you are a Canadian resident with a SIN — you do not need to open an account or file anything. Your available room = all accrued annual limits, minus everything you have contributed, plus withdrawals from previous years (which are re-added the following January 1).
When can I re-contribute money I withdrew from my TFSA?
Withdrawn amounts are added back to your room on January 1 of the following year. If you still have unused room you can re-contribute immediately, but if you are at your limit, re-depositing in the same calendar year creates an over-contribution charged 1% per month.
What is the penalty for over-contributing to a TFSA?
The CRA charges 1% per month on the highest excess amount in your account for each month it remains there — $10,000 over the limit costs $100 every month. The fix is to withdraw the excess as soon as you notice it; the CRA may waive the tax in genuine-error cases if you remove it promptly.
Are TFSA withdrawals really tax-free?
Yes — interest, dividends, and capital gains earned inside a TFSA are never taxed, and withdrawals do not count as income, so they cannot claw back OAS or GIS. Two exceptions to know: U.S. dividends suffer a 15% withholding tax inside a TFSA, and the CRA can tax accounts used for frequent day-trading as business income.