TFSA Guides and Calculators for Canadians (2026)

The Tax-Free Savings Account (TFSA) lets Canadian residents 18 and older invest without paying tax on the growth or the withdrawals. The complete TFSA guide explains how the account works from start to finish; the pages below each answer one question in depth.

Start here

• Complete TFSA guide: how the account works, what it can hold, and how it fits with other accounts
• Opening your first TFSA: who can open one, what you need, and what to put in it
• Best TFSA accounts in Canada: savings, GIC, brokerage and robo-advisor TFSAs compared
• Holding a GIC in a TFSA

Contribution room and limits

• How much TFSA room do I have?: room by birth year and how to check it in CRA My Account
• TFSA contribution limit and history
• TFSA contribution room calculator
• When TFSA room resets
• Having more than one TFSA
• Funding a spouse’s TFSA
• What to do once your TFSA is maxed out

Over-contributions

• TFSA over-contribution penalty calculator and how to fix an excess

Withdrawals and transfers

• TFSA withdrawal rules
• How to transfer a TFSA to another institution
• How long a TFSA transfer takes

Strategy and comparisons

• TFSA or RRSP first?
• TFSA vs a non-registered account
• TFSA growth calculator
• How much is enough in a TFSA?
• Holding US stocks in a TFSA
• What US dividend withholding tax costs in a TFSA

Estate planning

• What happens to a TFSA when you die
• Updating or changing a TFSA beneficiary

Related guides in other sections

• FHSA vs TFSA vs RRSP
• RESP vs TFSA for education savings
• Retiring on an RRSP and TFSA only
• RRSP vs TFSA calculator