About You
Room starts accruing the year you turn 18 – even in provinces where you can't open the account until 19.
Room only accrues for years you were a Canadian resident. If you've moved in and out of Canada, talk to an advisor – partial-residency years need a closer look.
Contributions
Every dollar you have ever deposited to any TFSA, at any institution. Growth inside the account doesn't count – only deposits.
Withdrawals
Withdrawals from earlier years have already returned as room – including any growth you withdrew.
This year's withdrawals don't come back until January 1, 2027.
Available Room Today · 2026
$0
Room on Jan 1, 2027
$0
Includes 2026 withdrawals returning + estimated 2027 limit
Lifetime Limit Accrued
$0
Your room, year by year
Wondering whether this money belongs in a TFSA or an RRSP? Our 2026 Income Tax Calculator includes an RRSP contribution optimizer for your income and province.
Worth Knowing
Growth doesn't use up room. If your TFSA has grown to double what you put in, your contribution room is unchanged – room is measured by deposits, never by account value. And if you withdraw growth, that full amount comes back as new room the following January.
The January 1 rule. Money you withdraw this year doesn't create room until next January 1. Re-contributing it in the same calendar year – without unused room to cover it – is the single most common TFSA penalty the CRA assesses.
Over-contributions cost 1% per month. The CRA charges 1% of the highest excess amount in the account for each month it stays there, until withdrawn.
CRA My Account can be stale. Financial institutions report TFSA activity to the CRA once a year, so the "contribution room" figure on CRA My Account is usually calculated as of the previous December 31 – it will not reflect this year's contributions or withdrawals. Keep your own running total.
Non-resident years don't accrue room. Contributions made while a non-resident of Canada also draw the same 1%-per-month penalty. If your residency has changed, get advice before contributing.