TFSA Contribution Room
How much can you still put into your Tax-Free Savings Account this year? Enter your birth year and what you've contributed and withdrawn, this adds up every year's limit since 2009, re-adds prior withdrawals, and warns you if you've gone over.
Rates & rules verified · July 2026Primary sources: CRA – Tax-Free Savings Account (TFSA)
Annual TFSA limits, 2009–2026
Highlighted bars are the years you were 18 or older, that's what builds your room.
Yearly limits & your running room
Each year's dollar limit and the cumulative room it built for you. Highlighted rows are years you were eligible.
| Year | Annual limit | Eligible? | Your cumulative room |
|---|
How this is calculated
The room formula
Your total room is the sum of the annual dollar limit for every year you've been eligible, plus withdrawals from prior years, minus everything you've contributed:
room = Σ limit[year] (from the later of 2009 or the year you turned 18, through 2026) + prior-year withdrawals − total contributions
A Canadian who was 18 or older in 2009 and has never contributed has $109,000 of room in 2026, that's the sum of every annual limit from 2009 through 2026.
The age-18 rule (and the "19" provinces)
Room starts accruing the calendar year you turn 18, everywhere in Canada. In provinces and territories where the age of majority is 19. BC, New Brunswick, Nova Scotia, Newfoundland & Labrador, Yukon, NWT and Nunavut, you can't open a TFSA until 19, but the room you missed at 18 is not lost: it carries forward and is yours to use once you open the account.
The residency rule
Room accrues only for years you were both 18 or older and a resident of Canada. If you immigrated or became a resident partway through the timeline, enter that year in Resident of Canada since, years before it add no room, even if you were already 18. A new resident who arrives in 2026 gets only the 2026 limit ($7,000), not the full $109,000. Leave the field at 0 if you've been a resident your whole adult life. Source: CRA, Before you contribute to a TFSA, as of January 2026.
The December withdrawal trick
Money you withdraw is added back to your room, but only on January 1 of the following year, not right away. So a withdrawal made in December returns as room just weeks later on January 1, versus waiting almost a full year if you'd withdrawn in January. That's why the "withdrawn this year" amount above is shown separately as room coming, not room you have now. Re-contributing in the same year you withdrew, before the room resets, is a classic way to accidentally overcontribute.
Overcontribution penalty
If your contributions exceed your room, the CRA charges 1% per month on the highest excess amount, for every month it stays over. This tool flags the excess and the monthly penalty so you can withdraw it before it grows.
Room coming January 1
Next year's room adds this year's withdrawals back plus the new annual limit. The 2027 limit isn't announced yet; this tool assumes it stays at $7,000 (the 2024–2026 amount). Limits are indexed to inflation and rounded to the nearest $500, so the real figure could be higher.
Where to get your official number
Check CRA My Account under the TFSA section, but treat it with caution. Institutions report to the CRA once a year, so the CRA figure can lag by a year or more and won't reflect recent contributions or withdrawals. Your own records are the safest source, and this calculator only estimates from the public limits.
What this doesn't model
This assumes continuous residency from the year you enter above; it does not model intermittent non-residency (leaving and returning), or the special rule that a non-resident who is 18+ can still regain room by making withdrawals. It also doesn't model successor-holder or beneficiary transfers, or deliberate overcontribution strategies. For deciding where to save, try RRSP vs TFSA, the FHSA calculator, or see how the room grows once invested with compound interest and savings goal.
Common questions
How is TFSA contribution room calculated in 2026?
Add up the annual TFSA dollar limit for every year from the later of 2009 or the year you turned 18, through 2026. Add back any withdrawals you made in prior years, then subtract everything you've ever contributed. Someone eligible since 2009 who has never contributed has $109,000 of room in 2026.
When can I re-contribute money I withdrew from my TFSA?
Withdrawals are added back to your contribution room on January 1 of the year after the withdrawal, not immediately. This is why a common trick is to withdraw in December: you get the room back just weeks later on January 1, instead of waiting almost a full year. Re-contributing in the same year you withdrew can trigger an overcontribution penalty.
What happens if I overcontribute to my TFSA?
The CRA charges a penalty of 1% per month on the highest excess amount in your TFSA for each month it stays over your limit. Withdraw the excess as soon as you notice it to stop the penalty from accruing further.
Does TFSA room start at 18 even where the age of majority is 19?
Yes. TFSA contribution room begins accruing the year you turn 18 everywhere in Canada. In provinces where the age of majority is 19 (BC, New Brunswick, Nova Scotia, Newfoundland and Labrador, Yukon, NWT and Nunavut) you cannot open a TFSA until 19, but the room you missed at 18 carries forward and is available once you open the account.
Where can I find my official TFSA contribution room?
Log in to CRA My Account and look under the TFSA section. Be aware the CRA number can lag by a year or more because financial institutions report contributions and withdrawals annually, so your own records are usually more current, especially for recent transactions.