TFSA Contribution Room Calculator: 2026 Limit $7,000
Find out how much you can put in your TFSA today. Start from your CRA figure or your own history, then add this year's deposits and withdrawals. Every Canadian resident 18 or over gets the same yearly limit, $7,000 in 2026, and unused years carry forward. If you are over the limit, it shows the penalty.
| Total limits 2009–2026 | $109,000.00 |
| Contributed in earlier years | − $0.00 |
| Withdrawn in earlier years (came back Jan 1) | + $0.00 |
| Contributed in 2026 | − $0.00 |
| Room today | $109,000.00 |
| Withdrawn in 2026 (comes back January 1, 2027) | + $0.00 |
| New room on January 1, 2027 (if the limit holds) | + $7,000.00 |
| Room on January 1, 2027 | $116,000.00 |
Yearly limits that count for you
| 2009 | $5,000 |
| 2010 | $5,000 |
| 2011 | $5,000 |
| 2012 | $5,000 |
| 2013 | $5,500 |
| 2014 | $5,500 |
| 2015 | $10,000 |
| 2016 | $5,500 |
| 2017 | $5,500 |
| 2018 | $5,500 |
| 2019 | $6,000 |
| 2020 | $6,000 |
| 2021 | $6,000 |
| 2022 | $6,000 |
| 2023 | $6,500 |
| 2024 | $7,000 |
| 2025 | $7,000 |
| 2026 | $7,000 |
Show the math
Room = every yearly limit since the year you turned 18 and were a resident (from 2009) − all contributions ever + withdrawals made before this year. Withdrawals made this year come back on January 1, not right away. The CRA's My Account figure is as of January 1. It only includes what your banks reported for last year, so add this year's contributions and withdrawals yourself. Over-contributions are taxed at 1% a month on the highest excess for each month it stays in. Withdraw it and file RC243. Growth inside the account never uses room. Limits: 2009 $5,000, 2010 $5,000, 2011 $5,000, 2012 $5,000, 2013 $5,500, 2014 $5,500, 2015 $10,000, 2016 $5,500, 2017 $5,500, 2018 $5,500, 2019 $6,000, 2020 $6,000, 2021 $6,000, 2022 $6,000, 2023 $6,500, 2024 $7,000, 2025 $7,000, 2026 $7,000.
How this calculator works
Your TFSA room is a running total:
Room = all annual limits since you became eligible − all contributions ever made + all withdrawals made before this year.
You become eligible on January 1 of the year you turn 18, as long as you are a Canadian resident. Room keeps building whether or not you have an account.
TFSA contribution limit by year, 2009 to 2026
Add up the limits from the year you turned 18. Someone 18 or older in 2009 who has been a resident ever since has a lifetime total of $109,000.
| Year | TFSA limit | Running total since 2009 |
|---|---|---|
| 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 |
Worked example: born in 1998, contributed $25,000, withdrew $4,000 in 2024
| Line | Amount |
|---|---|
| First eligible year (turned 18) | 2016 |
| Total annual limits 2016–2026 | $68,000 |
| Contributions to date | − $25,000 |
| Withdrawals in earlier years | + $4,000 |
| Room in 2026 | $47,000 |
Assumptions
- You have been a Canadian resident every year since your first eligible year, or since the residency year you enter.
- Withdrawals entered for earlier years were not already re-contributed.
- Transfers between your own TFSAs done directly by the institutions do not count as withdrawals or contributions. Cashing out and re-depositing does.
How to open and use a TFSA
Any bank, credit union or brokerage opens one in minutes. The room the tool shows is yours whether or not you have ever had an account.
Common questions
Frequently asked questions
- What is the TFSA limit for 2026?
- $7,000, the same as 2024 and 2025. The limit is indexed to inflation and rounded to the nearest $500, so it rises in $500 steps every few years.
- How much total TFSA room do I have if I have never contributed?
- The lifetime total since the TFSA started in 2009 is $109,000, if you were 18 or older in 2009 and have been a Canadian resident the whole time. If you turned 18 later, add up the limits from that year on.
- Do I need to open a TFSA for room to accumulate?
- No. Room builds automatically every year from the year you turn 18, as long as you are a resident, whether or not you have an account or have filed a return.
- When can I re-contribute money I withdrew?
- Not until January 1 of the next year, when the amount you withdrew is added back to your room. Re-contributing in the same year, unless you still have unused room, is an over-contribution taxed at 1% per month. Taking out $5,000 in March and putting it back in June counts as a new $5,000 contribution.
- I am 18 but my province says 19. Can I open a TFSA?
- Not yet, in BC, New Brunswick, Newfoundland and Labrador, Nova Scotia, the Northwest Territories, Nunavut and Yukon, where you must be 19 to enter a contract. Your room still builds from the year you turn 18. You carry it into the account you open at 19.
- I moved to Canada. When does my room start?
- The year you became a resident for tax purposes, if you were already 18. Years before you arrived, and years you are a non-resident, do not add room.
- Why is the CRA's TFSA room figure different from mine?
- The CRA number is as of January 1 and only includes what financial institutions reported for the previous year. Anything you deposited or withdrew since then is not in it, and a late-reporting institution can make it wrong for months. Start from the CRA figure and add this year's activity yourself.
- Does investment growth use up room?
- No. Only contributions and withdrawals count. Gains, dividends and interest inside the account do not affect room, and losses do not restore it. If $7,000 grows to $10,000 you have used $7,000 of room, and withdrawing the $10,000 gives you $10,000 of room back the next year.
- What happens if I over-contribute?
- A tax of 1% per month on the highest excess amount for every month it stays in the account. Withdraw the excess as soon as you notice. The CRA will send a proposed assessment. You report and pay the tax on form RC243, the TFSA return. If it was an honest mistake you can ask the CRA to cancel the tax, through CRA My Account or form RC4288.
Sources
Sources
Every figure on this page comes from one of these primary sources. Data last verified .
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