TFSA Contribution Room Calculator

Determine how much you can contribute to your Tax-Free Savings Account. Enter your birth year and the total amount you've already contributed to see your lifetime contribution room, remaining balance, and year-by-year breakdown of TFSA limits.

Calculate Your TFSA Room

Enter your birth year and the total amount you've contributed to your TFSA to see how much contribution room you have remaining.

You become eligible for a TFSA on January 1st of the year you turn 18 (or 2009, whichever is later).
Enter the total amount you've deposited into your TFSA across all years (including current year).
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📅 Last Updated: March 2026📊 Data sourced from CRA 2026 tax brackets🔒 100% client-side — your data never leaves your browser

This calculator provides estimates based on 2026 Canadian tax brackets and rates. Results are for informational purposes only and should not be considered as professional tax, financial, or legal advice. Tax laws are complex and individual circumstances vary. Please consult with a qualified tax professional, accountant, or the Canada Revenue Agency (CRA) for accurate tax calculations and advice specific to your situation.

Frequently Asked Questions

What is TFSA contribution room?

TFSA contribution room is the total amount of money you are allowed to contribute to your Tax-Free Savings Account. The government sets annual limits that increase over time based on inflation. Unused room carries forward to the next year, so you can catch up with previous years' limits.

When do I become eligible to open a TFSA?

You become eligible to open and contribute to a TFSA on January 1st of the year you turn 18 years old. However, if you turned 18 before 2009, your eligibility starts on January 1st, 2009 (when TFSAs were first introduced in Canada).

What are the annual TFSA contribution limits?

TFSA limits vary by year and are indexed to inflation. Key limits: 2009–2012 ($5,000), 2013–2014 ($5,500), 2015 ($10,000), 2016–2018 ($5,500), 2019–2022 ($6,000), 2023 ($6,500), and 2024–2025 ($7,000). These limits are set by the Canada Revenue Agency and can change as inflation adjustments are made.

Can I exceed my contribution room?

No. Contributing more than your available room results in an excess contribution. The CRA charges a 1% monthly penalty tax on excess amounts in your account, so it's important to track your remaining room carefully.

Does withdrawing money from my TFSA restore my contribution room?

Yes. When you withdraw money from your TFSA, the amount withdrawn is added back to your contribution room on January 1st of the following calendar year. This allows you to re-contribute that money (or new money up to your limit) in future years.