TFSA Contribution Room Calculator

Find out how much TFSA contribution room you have available in 2026

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Available Contribution Room
$0.00
as of 2026
Total Lifetime Room
$0.00

Cumulative Contribution Room by Year

Orange bars show contributions used. Light bars show remaining available room. Room starts accumulating the year you turn 18.

Important: This calculator estimates your TFSA contribution room based on the annual limits set by the CRA. If you were not born in Canada, room is calculated from the year you became a Canadian resident. For your exact room, check My CRA Account.

The 2026 annual TFSA limit is assumed to be $7,000, pending CRA confirmation. Withdrawals made in 2026 will restore room on January 1, 2027. This tool does not constitute financial or tax advice.

How to Use the TFSA Contribution Room Calculator

This free Canadian TFSA contribution room calculator shows how much total TFSA room you have accumulated since you became eligible. Enter your birth year and the calculator will add up all annual TFSA limits from the year you turned 18 to the current year, then subtract any contributions you have already made. The result is your available TFSA contribution room, which is the maximum you can deposit without triggering an over-contribution penalty.

How TFSA Contribution Room Works

Every Canadian resident who is 18 or older accumulates TFSA contribution room each year, even if they do not open a TFSA or make contributions. Unused room carries forward indefinitely. When you withdraw from a TFSA, that amount is added back to your contribution room on January 1 of the following year. Withdrawals do not permanently reduce your room, they just delay when it becomes available again. You can hold cash, GICs, ETFs, stocks, and mutual funds inside a TFSA, and any growth or income earned is completely tax-free.

TFSA vs. RRSP: Which Should You Choose?

Both accounts shelter investment growth from tax, but in different ways. RRSP contributions reduce your taxable income now, and withdrawals in retirement are taxed as income at that time. TFSA contributions are made with after-tax dollars, and all growth and withdrawals are completely tax-free regardless of future income. The tax implications of each account differ depending on individual income, tax bracket, and retirement plans. Consult a qualified financial advisor to determine which account structure is appropriate for your situation.