TFSA Contribution Room Calculator (2026)
Direct answer: The 2026 TFSA contribution limit is $7,000. If you were at least 18 in 2009 and a Canadian resident throughout, your total room in 2026 is $109,000 — the sum of every annual limit since the program began, before any contributions. Unused room carries forward, and withdrawals are added back the next January. Enter your birth year and past contributions above to see your exact room and project your tax-free growth.
What is the TFSA limit for 2026?
The 2026 TFSA dollar limit is $7,000, the same as 2024 and 2025. It is added to any unused room you carry forward.
What is the total TFSA room since 2009?
Someone who was 18 or older in 2009 and a resident throughout has $109,000 of total room in 2026, before any contributions.
How does TFSA contribution room work?
You accrue the annual limit for every year you were 18+ and resident. Unused room carries forward, and any withdrawal is added back to your room the following January 1.
What happens if I over-contribute to my TFSA?
The CRA charges a penalty of 1% per month on the excess amount until you withdraw it, so it pays to track your room.
TFSA Contribution Room Calculator (2026)
Tax-free growth projection
How does TFSA contribution room work?
You build room for every year you are 18 or older and a Canadian resident, starting in 2009. Room is cumulative and never expires.
- Add up the annual limit for each year you were eligible.
- Subtract everything you have ever contributed.
- Add back any amounts you withdrew in previous years.
- The result is your available room for 2026.
What are the TFSA limits by year?
The annual dollar limit has changed several times since 2009. The cumulative total for someone eligible the whole time is $109,000 in 2026.
| Years | Annual limit |
|---|---|
| 2009-2012 | $5,000 |
| 2013-2014 | $5,500 |
| 2015 | $10,000 |
| 2016-2018 | $5,500 |
| 2019-2022 | $6,000 |
| 2023 | $6,500 |
| 2024-2026 | $7,000 |
How do withdrawals affect my room?
When you withdraw from a TFSA, you do not lose that room — but you only get it back the following January 1, not the same year. If you withdraw $10,000 in 2026 and recontribute it in 2026, that recontribution uses current room and can trigger an over-contribution. Waiting until January 2027 avoids the problem.
What happens if I over-contribute?
The CRA charges a tax of 1% per month on the highest excess amount in your TFSA for each month it stays over the limit. Because room is easy to miscount — especially after a withdrawal and recontribution — tracking it with a calculator is the simplest way to avoid the penalty.
Why is tax-free growth so valuable?
Inside a TFSA, interest, dividends and capital gains are never taxed, and withdrawals are tax-free too. Over decades that compounding adds up: the projection above shows how regular contributions grow with no tax drag, which is what makes the TFSA one of the most flexible savings vehicles in Canada.