TFSA Contribution
Room Calculator
Find out exactly how much TFSA room you have in 2026. Enter your birth year and total contributions — the calculator shows your cumulative room, what's available, and warns you about potential over-contributions.
Your TFSA details
Growth projection
Tax calculations are estimates based on current CRA rules — not tax or accounting advice. Verify with a CPA or at canada.ca before filing. Terms →
TFSA rules every Canadian should know
New contribution room ($7,000) is added every January 1. Withdrawals made in 2026 are added back to your room on January 1, 2027 — not immediately. Re-contributing too early is the most common cause of over-contribution penalties.
In 2015, the Harper government temporarily doubled the limit to $10,000. The Trudeau government reversed this in 2016, returning to $5,500. If you were eligible in 2015 and maxed out, that $10,000 counts in your lifetime room — this is why some Canadians' room calculations look unexpected.
Your TFSA room starts the year you became a Canadian resident and turned 18 — whichever is later. If you arrived in 2020 at age 30, your room starts from 2020, not 2009. You do not get credit for years before you were a resident, regardless of age.
TFSA is generally better when your income is lower now than in retirement. RRSP is better when you're in a high bracket (43%+) now. TFSA withdrawals don't affect income-tested benefits like OAS or GIS — critical for retirement planning.
TFSA FAQs
What is the TFSA contribution limit for 2026?
The CRA confirmed the 2026 TFSA annual limit is $7,000 — unchanged from 2024 and 2025. The total cumulative room for Canadians eligible since 2009 who have never contributed is $109,000 as of January 1, 2026.
What happens if I over-contribute?
CRA charges a 1% penalty per month on the excess amount — with no grace period, unlike RRSPs. If you over-contribute $5,000, you owe $50/month until the excess is withdrawn. Withdraw the excess immediately and file Form RC243 if required. CRA can waive penalties in some cases but it is not guaranteed.
Can I re-contribute money I withdrew?
Yes — but only starting January 1 of the year following the withdrawal. If you withdraw $20,000 in June 2026, you cannot re-contribute that $20,000 until January 1, 2027. Putting it back in the same calendar year (if you have no unused room) is an over-contribution.
Does investment growth in my TFSA affect my room?
No. Growth inside your TFSA — dividends, capital gains, interest — does not reduce your contribution room and is never taxed. Only your contributions and withdrawals affect your room.