Use this calculator to determine your exact TFSA contribution room for 2026. Enter your birth year, your total past contributions and withdrawals, and the calculator will show your remaining available room.
How TFSA contribution room works
Your TFSA contribution room is the maximum amount you are allowed to deposit into all of your TFSA accounts combined. It is calculated using a simple formula:
Contribution Room = Cumulative Dollar Limit − Total Contributions + Total Withdrawals
The cumulative dollar limit depends on how many years you have been eligible. You begin accumulating room in the year you turn 18, provided you are a Canadian resident with a valid Social Insurance Number (SIN). You do not need to open a TFSA or file taxes to start accumulating room.
If you turn 18 partway through the year, you receive the full annual limit for that year — there is no pro-rating.
2026 TFSA contribution limit
The annual TFSA dollar limit for 2026 is $7,000, unchanged from 2024 and 2025. The limit is set by the federal government and indexed to the Consumer Price Index (CPI), rounded to the nearest $500.
| Year(s) | 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 |
For someone eligible since 2009, the maximum cumulative contribution room in 2026 is $109,000.
Cumulative TFSA room by birth year
Your total contribution room depends entirely on when you became eligible. The table below shows the cumulative room for 2026 based on your birth year:
| Birth Year | Cumulative Room (2026) |
|---|---|
| 1991 or earlier | $109,000 |
| 1992 | $104,000 |
| 1993 | $99,000 |
| 1994 | $94,000 |
| 1995 | $89,000 |
| 1996 | $83,500 |
| 1997 | $78,000 |
| 1998 | $68,000 |
| 1999 | $62,500 |
| 2000 | $57,000 |
| 2001 | $51,500 |
| 2002 | $45,500 |
| 2003 | $39,500 |
| 2004 | $33,500 |
| 2005 | $27,500 |
| 2006 | $21,000 |
| 2007 | $14,000 |
| 2008 | $7,000 |
How withdrawals affect your contribution room
TFSA withdrawals are added back to your contribution room, but not until January 1 of the following year. This is one of the most misunderstood rules and the leading cause of over-contribution penalties.
Example: You withdraw $15,000 from your TFSA in March 2026. That $15,000 is added back to your room on January 1, 2027. If you try to re-contribute that $15,000 in 2026 without having $15,000 in unused room, you will be over-contributing.
To understand the penalty implications, use the TFSA Over-Contribution Penalty Calculator.
Transfers between banks
If you want to move your TFSA from one financial institution to another, always use a direct institutional transfer. If you withdraw from Bank A and deposit into Bank B yourself, the CRA treats it as a withdrawal followed by a new contribution. This counts against your room and can trigger an over-contribution.
Direct transfers do not affect your contribution room at all.
Non-residents and new Canadians
You do not accumulate TFSA contribution room for any year you are a non-resident of Canada for the entire year. If you become a non-resident partway through the year, you still receive the full annual limit for that year.
Any contributions made to a TFSA while you are a non-resident are subject to a tax of 1% per month on the contributed amount.
New residents of Canada begin accumulating TFSA room in the year they acquire Canadian residency (provided they are 18 or older). There is no retroactive room for years before residency.
Common mistakes that reduce your room
- Re-contributing a withdrawal in the same year — withdrawn amounts are not added back to room until January 1 of the next year
- Not tracking contributions across multiple TFSAs — your room is a single personal limit across all accounts at all institutions
- Relying on CRA My Account — CRA receives financial institution reports by April of the following year, so the numbers can be months out of date
- Withdrawing and re-depositing to transfer between banks — use a direct institutional transfer instead
- In-kind contributions — transferring stocks into your TFSA counts as a contribution at fair market value on the day of transfer, which may be more (or less) than you expect
Investment gains do not affect room
A common misconception is that investment growth inside your TFSA uses up contribution room. It does not. Only cash contributions and withdrawals affect your room.
If you contribute $50,000 and your investments grow to $120,000, your contribution room is based on the $50,000 you put in — not the $120,000 current value. If you later withdraw the full $120,000, the entire $120,000 is added back to your room the following January.
This is one of the most powerful features of the TFSA — you can contribute, invest aggressively, and if your investments grow significantly, you get all of that room back upon withdrawal.
Related TFSA tools
- TFSA Calculator — Project how your TFSA investments will grow over time with tax-free compounding
- TFSA Over-Contribution Penalty Calculator — Calculate the cost of over-contributing to your TFSA
- RRSP Calculator — Compare your TFSA with an RRSP for retirement savings
- Income Tax Calculator — Determine your marginal tax rate to see how much the TFSA saves you