TFSA Guides and Calculators for Canadians (2026)

In a Tax-Free Savings Account (TFSA), the income you earn and the money you take out are generally tax-free. Start with the complete TFSA guide for how the account works; each page below answers one question.

What is a TFSA, and where do I open one?

• Complete TFSA guide: how the account works, who can open one and how, and having more than one
• Best TFSA accounts in Canada: savings, GIC, brokerage and robo-advisor TFSAs compared
• TFSA investment options: what a TFSA can hold and what it can’t
• Holding a GIC in a TFSA
• US stocks in a TFSA: what the US withholding tax costs, and holding US dollars

How much can I put in?

• TFSA contribution room and limit: this year’s limit, limits by year, room by birth year and checking it with the CRA
• TFSA contribution room calculator: your own room from your birth year, residency, contributions and withdrawals
• Over the limit? The penalty calculator and the RC243 return
• TFSA full? Where to save next

I took money out: when can I put it back?

• TFSA withdrawal rules: tax, benefits, and when the room comes back

How much could it grow, and which account comes first?

• TFSA growth calculator: projected growth, how much is enough and average balances by age
• TFSA or RRSP first?
• TFSA vs a non-registered account
• RRSP vs TFSA calculator and FHSA vs TFSA vs RRSP

I’m moving my TFSA

• How to transfer a TFSA to another bank: the steps, and how long it takes

I’m new to Canada, leaving, or living abroad

• Newcomers and non-residents: which years give you room

Family and estate

• TFSAs for couples and family: funding a spouse’s TFSA
• What happens to a TFSA when you die: successor holder, beneficiary or the estate, and how to name or change who receives it

Related guides in other sections

• RESP vs TFSA for education savings
• Retiring on an RRSP and TFSA only
• Best Robo-Advisors in Canada