TFSA Contribution Room Calculator 2026
Calculate your exact available TFSA contribution room for 2026. Enter your birth year, lifetime contributions, and withdrawals — we'll detect over-contributions and project the 1%-per-month CRA penalty so you can act before it compounds.
Your details
Eligibility starts the year you turn 18 (minimum 2009).
Leave blank if you've been a resident since age 18.
Contributions & withdrawals
Withdrawals before 2026 are added back to your room on Jan 1, 2026.
2026 withdrawals don't add back until Jan 1, 2027.
Your TFSA room summary — 2026
Limit vs used
Project TFSA growth
See your TFSA's tax-free growth over decades.
RRSP vs TFSA
Compare the tax-deductible alternative.
How room works: Each January 1st, your TFSA room increases by (a) the annual contribution limit and (b) any amount you withdrew in the previous year. Unused room carries forward indefinitely. Over-contributions are taxed 1% per month on the excess until withdrawn. This calculator estimates based on the inputs you provide — the CRA's My Account is the authoritative source for your personal room.
TFSA contribution limits by year
| Years | Annual limit | Cumulative (from 2009) |
|---|---|---|
| 2009 – 2012 | $5,000 | $20,000 |
| 2013 – 2014 | $5,500 | $31,000 |
| 2015 | $10,000 | $41,000 |
| 2016 – 2018 | $5,500 | $57,500 |
| 2019 – 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 |
Cumulative figures assume you were a Canadian resident aged 18+ starting in 2009.
Over-contribution rules
Penalty: 1% per month on the highest excess amount in the month. Charged until the excess is withdrawn or absorbed by new room on January 1.
Common mistake: re-contributing a withdrawal in the same calendar year. The withdrawal doesn't add back to room until the NEXT January 1 — if you have no other room, re-contributing triggers an over-contribution penalty immediately.
Reporting: Form RC243 (TFSA Return) is due June 30 of the following year. Interest and late-filing penalties apply if not filed.
Non-residents: Contributing while a non-resident of Canada adds an additional 1%/month penalty until the contribution is withdrawn or you become a resident again.
Related savings tools
Sources
Last updated April 2026. Reflects 2026 TFSA limit of $7,000 and cumulative room of $109,000.