TFSA contribution room calculator (2026)
Find out how much you can contribute to your Tax-Free Savings Account in 2026. Your room is based on the annual limits since your first eligible year, minus contributions made, plus withdrawals that have been re-added.
Must be 18+ to open a TFSA
All TFSA contributions ever made
Re-added to room on Jan 1 next year
Available room (2026)
$109,000
How much you can contribute now
Lifetime limit accumulated
$109,000
Since 2009 (18 years)
Annual limits by year18 years
| Year | Annual limit | Cumulative room |
|---|---|---|
| 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 |
| 2026 ✦ | $7,000 | $109,000 |
Key TFSA rules
- • Withdrawals are re-added to your room on January 1 of the next calendar year
- • Room accumulates even if you never opened a TFSA — it doesn't expire
- • Non-residents who contribute still accumulate but are charged 1% per month
- • Transfers between TFSA accounts (institution to institution) don't use room
- • Growth inside the TFSA (interest, dividends, capital gains) is always tax-free
Room calculation based on CRA-published annual limits. Verify your actual room at My CRA Account or via NOA.
How TFSA room works
Every Canadian resident who is 18 or older and has a valid SIN accumulates TFSA contribution room each year, even if they never open an account. The annual limits have varied since the program launched in 2009 — from $5,000 in the early years to $10,000 in 2015 (then reduced back to $5,500) and $7,000 in 2024 onward.
Withdrawals add back room
Unlike an RRSP, TFSA withdrawals are not permanently lost. The amount you withdraw is added back to your contribution room on January 1 of the following year. This means you can re-contribute without penalty — just not in the same calendar year you withdrew.
Over-contributions
If you exceed your TFSA room, CRA charges a penalty of 1% per month on the over-contributed amount for every month it remains. CRA tracks this through T1028 slip reporting from financial institutions. Check your exact room at My CRA Account before making large contributions.
Non-residents
Room continues to accumulate if you become a non-resident, but contributing as a non-resident triggers a 1% monthly penalty on the entire non-resident contribution. Contributions made before leaving Canada are not affected.
Not sure what to hold in your TFSA?
A CPA or financial advisor can help you build a tax-efficient investment strategy across TFSA, RRSP, and non-registered accounts.
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