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 The CRA charges 1% of the highest excess amount in the account for each month it stays there, until withdrawn.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.
FAQ
How is TFSA contribution room calculated?
Room accumulates every year from 2009 or from the year you turned 18 as a Canadian resident, whichever is later – whether or not you opened an account. The 2026 annual limit is $7,000. Your personal room is that accumulation, minus contributions, plus any withdrawals added back the following January 1 – which is exactly what this calculator works out.
When can I re-contribute money I withdrew from my TFSA?
Withdrawn amounts are added back to your room on January 1 of the following year. Re-contributing in the same calendar year is only safe if you still have unused room – putting back money you took out in March is the single most common way Canadians accidentally over-contribute.
What happens if I over-contribute to my TFSA?
The CRA charges a tax of 1% per month on the highest excess amount for every month it stays in the account. If it happens, withdrawing the excess promptly stops the meter – and for an honest first mistake, the CRA can be asked to waive the penalty.
Does unused TFSA room expire?
No. Unused room carries forward indefinitely, so someone who has never contributed and was 18+ in 2009 has the full cumulative amount available today.
What is the TFSA limit for 2026?
$7,000 for the year. Someone who has been eligible since 2009 and never contributed has $109,000 of cumulative room in 2026. Your personal figure depends on your age, residency years, contributions, and withdrawals – which is exactly what this calculator works out.
Can I have more than one TFSA?
Yes – at as many institutions as you like. But your contribution room is shared across all of them combined; the CRA sees one total. Multiple accounts are the easiest way to lose track and over-contribute, so keep a single running total across everything.