TFSA Contribution Room Calculator 2026
Find out how much you can put in your tax-free savings account in 2026, from the year you turned 18, the years you lived in Canada, and what you’ve put in and taken out.
2026 rates · verified Oct 21–26, 2026
You can contribute
$109,000 in 2026
Room left for 2026 after what you’ve put in this year
| Dollar limits that apply to you | $109,000 |
|---|---|
| Withdrawals added back | $0 |
| Contributions | −$0 |
| Room left in 2026 | $109,000 |
Your CRA account may not include this year’s transactions yet; your bank’s records are more current.
Your inputs
Calculated in your browser. Your numbers never leave your device.
Your room year by year
| Year | Dollar limit | Added back | Contributed | Room at year end |
|---|
How TFSA room works
Every January, CRA adds that year’s dollar limit to your room, plus anything you withdrew the year before. Contributions use room up right away. Unused room never expires, so someone 18 or older who has lived in Canada since 2009 and never contributed has $109,000 of room in 2026. Your room is shared across all your TFSAs (CRA – MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE).
| Years | Limit each year |
|---|---|
| 2009 to 2012 | $5,000 |
| 2013 to 2014 | $5,500 |
| 2015 | $10,000 |
| 2016 to 2018 | $5,500 |
| 2019 to 2022 | $6,000 |
| 2023 | $6,500 |
| 2024 to 2026 | $7,000 |
| 2027 | Announced in November |
The limit starts the year you turn 18: you get the full amount for that year, even with a December birthday. Born in 1990 and living here throughout, you’d have $109,000 of room in 2026 if you’d never contributed.
The withdrawal trap
A withdrawal doesn’t free up room until January 1 of the next year. CRA’s example: Alex starts 2025 with $7,000 of room, puts in $1,000 in June and takes $4,000 out in October. Alex still has $6,000 of room that year, not $10,000: putting $7,000 back in December would be $1,000 over. Waiting until January, Alex has $17,000 ($6,000 unused + $4,000 withdrawn + the $7,000 limit).
Over-contributions cost 1% a month on the excess for as long as it stays in: about $120 for $4,000 left in for three months (CRA: If you over-contribute).
Moving to or from Canada
You start building room the year you become a resident, if you’re 18 or older: the full limit for that year, and nothing for the years before. Someone born in 1988 who moved here in 2018 has $57,000 of room now.
If you leave, you can keep your TFSA, but contributions while you’re a non-resident are taxed at 1% a month. You get no new limit for a year you were a non-resident the whole year; a year you were here for part of gives the full limit. Born in 1980 and away from 2015 to 2019, you’d have $76,500 now instead of $109,000. Withdrawals you make while away come back as room once you’re a resident again (CRA: How non-residency affects your TFSA).
TFSA, RRSP or FHSA?
- TFSA: no tax deduction, but growth and withdrawals are tax-free, for anything, any time.
- RRSP: a deduction now and tax when you take the money out; usually better if your tax rate is higher now than it will be in retirement. Compare them with our RRSP vs TFSA calculator.
- FHSA: a deduction and tax-free withdrawal for a first home; see the FHSA calculator. What your room could grow to: the compound interest calculator.
What this calculator assumes
- A year you list as non-resident is one you were away for the whole year. Withdrawals made in those years come back the first year you’re a resident again.
- Totals: contributions and withdrawals before 2026 are added up, so only the final room is exact; use the by-year table to see when you went over in an earlier year.
- Qualifying transfers, exempt contributions and specified distributions don’t change your room; leave them out.
- The over-contribution cost is an estimate: CRA charges 1% on the highest excess in each month.
Frequently asked questions
What’s the 2027 TFSA limit?
CRA announces it in November, with the other indexed amounts; it rises with inflation in steps of $500. The 2026 limit is $7,000, and this calculator adds 2027 as soon as CRA publishes it.
Does investment growth use up my room?
No. Only contributions use room. Interest, dividends and gains inside the TFSA don’t count, and when you withdraw them they come back as room the next January, so growth can actually add to your room.
Can I have more than one TFSA?
Yes, at any number of banks or brokers, but they share one room. Add up the contributions to all of them. Moving money directly between your own TFSAs (a qualifying transfer) isn’t a withdrawal or a contribution.
What if I over-contributed?
Take the excess out as soon as you can: CRA charges 1% a month on the highest excess in each month while it stays in. You may need to file a TFSA Return (RC243) by June 30 of the next year. A $4,000 excess left in for three months costs about $120.
Why doesn’t my CRA account match my bank?
CRA updates your TFSA room once a year, in the spring, after banks report the previous year’s transactions. Contributions and withdrawals since then aren’t in it yet, so your own records are more current.
I turned 18 this year. How much can I put in?
The full $7,000 for 2026, whatever your birthday, as long as you live in Canada. Someone who turned 18 in 2023 and hasn’t contributed has $27,500 now.
Rates for tax year 2026, verified to · Page updated