Work out your Tax-Free Savings Account (TFSA) contribution room for 2026. If you were 18 or older and living in Canada in 2009 and have never contributed, your total room in 2026 is $109,000.
TFSA Contribution Room Calculator 2026
Annual limits from 2009 to 2026
- Total annual limits since you became eligible
- –
- Estimated room on January 1, 2027
- –
Your official room is shown in CRA My Account. Over-contributions are taxed at 1% per month.
TFSA limits by year
| Years | Annual limit |
|---|---|
| 2009 to 2012 | $5,000 |
| 2013 and 2014 | $5,500 |
| 2015 | $10,000 |
| 2016 to 2018 | $5,500 |
| 2019 to 2022 | $6,000 |
| 2023 | $6,500 |
| 2024, 2025 and 2026 | $7,000 |
How your room is calculated
- Add up the annual limits from 2009 (or the year you turned 18 if later) to this year.
- Add back any withdrawals made in previous years; withdrawals are added back on January 1 of the following year.
- Subtract everything you have contributed.
Example: someone who turned 18 in 2020, contributed $30,000 and withdrew $5,000 in 2024 has $6,000 × 3 + $6,500 + $7,000 × 3 = $45,500 of limits, plus $5,000 added back, minus $30,000, for $20,500 of room in 2026.
Over-contributing is expensive
If you put in more than your room, the CRA charges a 1% tax each month on the highest excess amount in that month until it is withdrawn. Re-contributing a withdrawal in the same year is a common way to over-contribute by mistake.
FAQ
Is investment growth counted against my room?
No. Interest, dividends and capital gains earned inside the TFSA do not use contribution room, and withdrawing that growth adds it to your room the next year.
Where can I see my official room?
Sign in to CRA My Account or call the CRA. Its figure is based on information from your financial institutions and can lag recent transactions.
Related calculators
Sources
Figures current as of October 12, 2026
Each formula is checked against a separate test sheet with at least three worked examples. Results are estimates based on the numbers you enter and the published rules; your actual figures may differ. This is general information, not financial or tax advice.
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