Find out your available TFSA contribution room and limit for 2026, based on your birth year
Always verify your exact TFSA contribution room on My CRA Account before making contributions.
This free Canadian TFSA contribution room and limit calculator shows how much total TFSA room you have accumulated since you became eligible. Enter your birth year and the calculator adds up the annual TFSA limit for every year from the year you turned 18 (or the year you became a Canadian resident, if you are a newcomer) to 2026, then subtracts the contributions you have already made and adds back any prior-year withdrawals. The result is your available TFSA contribution room by birth year, and the chart above tracks how that room has grown each year.
There are two ways to find your TFSA contribution room. The fastest is to enter your birth year above and let this calculator add up every annual limit you have accumulated, minus your contributions and plus any prior withdrawals. You can also check your room in your CRA My Account, though the CRA figure is only updated once a year and may not reflect your most recent contributions or withdrawals. When in doubt, use both and take the more conservative number before contributing.
The annual TFSA contribution limit for 2026 is $7,000. This is the new room added to every eligible Canadian's account this year, on top of any unused room carried forward from previous years. If you have been eligible since the TFSA launched in 2009 and have never contributed, your total cumulative contribution room in 2026 is $109,000.
The table below lists the annual TFSA dollar limit set by the government for each year since the TFSA launched in 2009, along with the running cumulative total. If you have been eligible the whole time and never contributed, the cumulative column is your total contribution room.
| Year | Annual limit | Cumulative |
|---|---|---|
| 2009 | $5,000 | $5,000 |
| 2010 | $5,000 | $10,000 |
| 2011 | $5,000 | $15,000 |
| 2012 | $5,000 | $20,000 |
| 2013 | $5,500 | $25,500 |
| 2014 | $5,500 | $31,000 |
| 2015 | $10,000 | $41,000 |
| 2016 | $5,500 | $46,500 |
| 2017 | $5,500 | $52,000 |
| 2018 | $5,500 | $57,500 |
| 2019 | $6,000 | $63,500 |
| 2020 | $6,000 | $69,500 |
| 2021 | $6,000 | $75,500 |
| 2022 | $6,000 | $81,500 |
| 2023 | $6,500 | $88,000 |
| 2024 | $7,000 | $95,000 |
| 2025 | $7,000 | $102,000 |
| 2026 | $7,000 | $109,000 |
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. The government sets a new annual TFSA limit each year, and your room is the cumulative total of every limit since you became eligible. 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.
If you contribute more than your available room, the CRA charges a penalty of 1% per month on the highest excess amount in your account, for every month the over-contribution remains. For example, a $2,000 over-contribution costs $20 per month until you withdraw it or new room becomes available the following January. This calculator flags an over-contribution and estimates the monthly penalty so you can fix it quickly.
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.