Use this TFSA contribution room calculator for Canada to estimate how much you can still contribute in 2026. Enter your birth year, first eligible year, past TFSA contributions, and withdrawals to get a quick estimate. The 2026 TFSA dollar limit is $7,000, and the maximum cumulative room for someone eligible every year since 2009 is $109,000.
Use the calculator first, then check the notes below if you are unsure how withdrawals, multiple TFSAs, or CRA reporting delays affect your room. This is an estimate based on the information you enter. For your official number, check CRA My Account and compare it with your own contribution and withdrawal records. CRA records from financial institutions can lag, so recent TFSA activity may not be reflected immediately.
How to calculate your TFSA contribution room
Your TFSA contribution room is personal. It depends on when you became eligible, how much you have contributed, and how much you have withdrawn in prior years.
For 2026, the basic formula is:
- Cumulative TFSA dollar limits from the year you became eligible through 2026
- Minus total TFSA contributions you have made
- Plus TFSA withdrawals made before 2026
Withdrawals made during 2026 are generally added back to your contribution room on January 1, 2027, not immediately. This is one of the most common ways people accidentally over-contribute.
2026 TFSA limit and cumulative room
The 2026 TFSA dollar limit is $7,000. For someone who was eligible every year since the TFSA launched in 2009 and has never contributed, the maximum cumulative room is $109,000 in 2026.
| Years | Annual TFSA dollar limit |
|---|---|
| 2009 to 2012 | $5,000 |
| 2013 and 2014 | $5,500 |
| 2015 | $10,000 |
| 2016 to 2018 | $5,500 |
| 2019 to 2022 | $6,000 |
| 2023 | $6,500 |
| 2024 to 2026 | $7,000 |
These limits are based on the CRA's published TFSA dollar limits. You can also use the CRA's official TFSA contribution room guidance and your CRA account to check your records.
Important TFSA rules to remember
- You start accumulating TFSA room in the year you turn 18, if you are a Canadian resident with a valid SIN.
- Contribution room is shared across all your TFSA accounts.
- Investment growth inside your TFSA does not reduce contribution room.
- Withdrawals are added back in the following calendar year — see our full TFSA withdrawal rules guide for the timing details.
- Over-contributions are generally subject to a 1% per month tax on the excess amount.
If you want a broader refresher, read our guide to what a TFSA is. If you are comparing accounts, the TFSA vs RRSP guide explains when each account tends to make more sense.
What to invest in after checking your room
The calculator only estimates room. It does not tell you what to buy or where to hold it. A TFSA can hold cash, GICs, stocks, ETFs, mutual funds, and other qualified investments, depending on your account provider.
For long-term investing, many Canadians use broad-market ETFs inside a TFSA. Start with what an ETF is, then compare options like XEQT vs VFV if you are building an investment portfolio. If you are still picking an account provider, our guide on how to start investing in a TFSA walks through the setup, and the Wealthsimple vs Questrade comparison covers the two most common Canadian DIY brokerages.
A low-cost brokerage matters more than most TFSA holders realize: every percent of fees compounds against your tax-free growth. Canadian DIY investors who plan to buy ETFs often use Questrade because Canadian-listed ETF buys are commission-free and the platform supports separate CAD and USD account balances. Open a Questrade account to get started (affiliate link — see our advertising disclosure).
Other WealthRadiant tools
You can also visit the WealthRadiant tools page or estimate home-buying scenarios with the Canadian mortgage payment calculator.
FAQs
What is the TFSA contribution limit for 2026?
The 2026 TFSA dollar limit is $7,000. If you were eligible every year since 2009 and never contributed, the maximum cumulative room in 2026 is $109,000.
When do TFSA withdrawals get added back?
TFSA withdrawals are generally added back to your contribution room at the start of the next calendar year. If you withdraw money in 2026, that amount is generally added back on January 1, 2027.
What happens if I over-contribute to my TFSA?
CRA generally charges a tax of 1% per month on excess TFSA amounts until the excess is corrected. Check your room before contributing, especially if you use more than one TFSA account.
Can I have more than one TFSA?
Yes, but your contribution room is shared across all TFSAs. Multiple accounts do not give you extra room. More detail in our guide to whether you can have more than one TFSA.
Does TFSA investment growth affect contribution room?
No. Investment growth inside a TFSA does not reduce your contribution room. Only contributions and withdrawals affect room.
Is this calculator the same as CRA My Account?
No. This calculator is an estimate. CRA My Account is the official source, but it can lag recent account activity, so you should also compare it with your own records.
Last updated: May 14, 2026
