This directory documents the build’s seed research. Every calculator result also links to its own source and check date, including any later database updates.
TFSA annual dollar limit, by year
Each calendar year from 2009 adds the year's dollar limit to your room: $5,000 (2009–2012), $5,500 (2013–2014), $10,000 (2015), $5,500 (2016–2018), $6,000 (2019–2022), $6,500 (2023), $7,000 (2024–2026).
From the page: TFSA dollar limits table: 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. "The TFSA dollar limit is indexed to inflation and rounded to the nearest $500."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 20, 2026
TFSA room starts the year you turn
Canadian residents start accumulating room in the year they turn 18 (or 2009, if later). New residents start in the year they become resident.
From the page: "If you are a resident of Canada, your contribution room starts to accumulate when you turn 18 years of age." "If you are a new resident of Canada, you start to accumulate contribution room on the day you have residency if you are 18 years of age or older."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 20, 2026
TFSA withdrawals come back as room
A withdrawal is added back to your room on January 1 of the next year, not in the year you withdraw. Investment growth and losses do not change your room.
From the page: "Any amount you withdraw from your TFSA during the year will be added back as available contribution room the next calendar year on January 1." "Any earnings you make from your TFSA do not decrease your contribution room."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 20, 2026
Tax on TFSA over-contributions
Contributing more than your available room is taxed at 1% of the excess for each month it stays in the account.
From the page: "If you contribute more than your available contribution room, it is an over-contribution and is taxable at a rate of 1% per month."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 20, 2026
Who can open a TFSA
You need to be a Canadian resident for tax purposes, 18 or older, with a valid SIN. Where the age to sign a contract is 19, you open it at 19 and keep the room from the year you turned 18. Withdrawals are tax-free if the account has no excess or non-permitted amounts.
From the page: "Be a resident of Canada for income tax purposes; Be 18 years of age or older; Have a valid Social Insurance Number (SIN)" "after the individual turns 19, they may open a TFSA and carry over the contribution room of the year they turned 18." "Any funds you withdraw are tax-free as long as there are no excess amounts, non-resident contributions or non-permitted investments in the account."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Oct 10, 2025
What an FHSA does
An FHSA lets a first-time home buyer save for a qualifying first home tax-free, up to its limits. Contributions are generally deductible.
From the page: "A first home savings account (FHSA) is a registered plan which allows you, if you are a first-time home buyer, to save to buy or build a qualifying first home tax-free (up to certain limits)." "Contributions to an FHSA are generally deductible and can be used to reduce your tax."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 2, 2026
FHSA participation room in the year you open it
Room is $8,000 in the year you open your first FHSA. It does not build up before the account is opened.
From the page: "Your FHSA participation room in the year you open your first FHSA is $8,000." Following years: the lesser of (a) $8,000 plus your FHSA participation room carryforward minus your excess FHSA amount, or (b) $40,000 minus all prior contributions and RRSP transfers.
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Sep 17, 2026
Most unused FHSA room you can carry forward
Unused room carries forward, but only up to $8,000, so a later year's room is at most $16,000.
From the page: "Your FHSA participation room carryforward is: in the subsequent years after you open your FHSA, the lesser of: a) $8,000" or b) $8,000 plus your prior-year carryforward minus that year's contributions and transfers (plus designated amounts, minus excess amounts).
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Sep 17, 2026
FHSA lifetime limit
Total FHSA contributions and RRSP-to-FHSA transfers over your lifetime are capped at $40,000. The most you can deduct over your lifetime is also $40,000.
From the page: "Over your lifetime, the most you can deduct from your income as an FHSA deduction is $40,000." Contributions "are generally deductible on your income tax and benefit return for the year of the contribution or a future year, similar to registered retirement savings plan (RRSP) contributions."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Apr 15, 2026
FHSA maximum participation period
FHSAs must close by December 31 of the year of the earliest of: the 15th anniversary of opening, turning 71, or the year after your first qualifying withdrawal.
From the page: "Your maximum participation period begins when you open your first FHSA and ends on December 31 of the year in which the earliest of the following events occur: the 15th anniversary of opening your first FHSA; you turn 71 years of age; the year following your first qualifying withdrawal from your FHSA."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 2, 2026
Who can open an FHSA
You must be a Canadian resident, 18 or older (19 where that is the legal age), no older than 71 at the end of the year you open it, and a first-time home buyer: no owner-occupied home (yours or your spouse's) this year or in the previous 4 calendar years.
From the page: Conditions when you open the account: 18 years of age or older; "You are 71 years or younger as of December 31 of the year you open your FHSA"; resident of Canada; "You did not live in a qualifying home ... as your principal place of residence that you owned or jointly owned in this calendar year or in the previous 4 calendar years."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Jul 22, 2026
RRSP Home Buyers' Plan withdrawal limit
You can withdraw up to $60,000 from your RRSPs under the HBP, and you can also use a qualifying FHSA withdrawal for the same home.
From the page: "Currently, the HBP withdrawal limit is $60,000." "You can withdraw amounts from your RRSP under the HBP and make a qualifying withdrawal from your first home savings account (FHSA) for the same qualifying home, as long as you meet all of the conditions at the time of each withdrawal."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 17, 2026
HBP repayment period
HBP withdrawals must be paid back to your RRSP over up to 15 years. An amount not repaid when due is included in your income for that year.
From the page: "You have up to 15 years to repay to your registered retirement savings plan (RRSP), pooled registered pension plan (PRPP) or specified pension plan (SPP) the amounts you withdrew from your RRSP under the Home Buyers' Plan (HBP)." "Repayments do not affect your RRSP deduction limit." The yearly HBP statement shows repayments so far "(including any additional payments and amounts you included on your income tax and benefit return because they were not repaid)".
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Jan 20, 2026
HBP repayments start (standard rule)
Without the temporary relief, repayments start in the second year after the year of your first withdrawal.
From the page: "If you made your first withdrawal before January 1, 2022, your repayment period started the second year after the year you made your first withdrawal from your RRSPs under the HBP. For example, if you made your first withdrawal in 2020, your first year of repayment was 2022."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Jan 20, 2026
HBP repayments start (temporary relief, first withdrawal 2022–2028)
For a first HBP withdrawal from January 1, 2022 to December 31, 2028, repayments start in the fifth year after the withdrawal year (a 2026 withdrawal repays from 2031).
From the page: "The Home Buyers' Plan (HBP) temporary repayment relief has been extended for individuals making a first HBP withdrawal between January 1, 2026, and December 31, 2028. As a result, the start of the 15-year repayment period is deferred to the fifth year following the year of the first withdrawal ... if you made your first HBP withdrawal in 2026, your first repayment year will be 2031. This measure extends the relief introduced in Budget 2024 which applies to withdrawals made between January 1, 2022, and December 31, 2025."
CRA source ↗2026 tax year · checked Oct 7, 2026 · page updated Feb 17, 2026
CPP retirement pension start ages
You can start your CPP retirement pension as early as 60 or as late as 70. The standard age is 65; there is no gain from waiting past 70.
From the page: "The standard age to start CPP is at age 65" "You can start as early as age 60 or as late as age 70" "There's no benefit to wait after age 70 - the maximum monthly amount is reached when you turn 70"
Service Canada source ↗2026 tax year · checked Oct 7, 2026 · page updated Oct 2, 2026
CPP reduction for each month before 65
Starting before 65 lowers payments by 0.6% for each month (7.2% a year), up to 36% at 60.
From the page: "Payments decrease by 0.6% each month (7.2% per year), up to a maximum reduction of 36% if you start at age 60."
Service Canada source ↗2026 tax year · checked Oct 7, 2026 · page updated Oct 2, 2026
CPP increase for each month after 65
Starting after 65 raises payments by 0.7% for each month (8.4% a year), up to 42% at 70.
From the page: "Payments increase by 0.7% each month (8.4% per year), up to 42% at age 70."
Service Canada source ↗2026 tax year · checked Oct 7, 2026 · page updated Oct 2, 2026
Maximum CPP retirement pension at 65
The maximum monthly CPP retirement pension for someone starting at 65 in January 2026 is $1,507.65. Most people get less.
From the page: "Maximum CPP pension at age 65 (January 2026) $1,507.65/month" "The maximum and average CPP amounts are not guaranteed."
Service Canada source ↗2026 tax year · checked Oct 7, 2026 · page updated Sep 29, 2026
Average CPP retirement pension at 65
The average monthly CPP retirement pension at 65 was $858.34 in July 2026. Your own estimate is in My Service Canada Account.
From the page: "Average CPP pension at age 65 (July 2026) $858.34/month" "For a quick estimate of your CPP pension amount, simply register or sign in to your My Service Canada Account (MSCA)."
Service Canada source ↗2026 tax year · checked Oct 7, 2026 · page updated Sep 29, 2026
Public Mobile
Draft offers from the Oct 3 check. The site refused automated page views (HTTP 403) on Oct 6; recheck by hand. Quebec lineup differs.
Official source ↗Research attempted Oct 7, 2026
Freedom
Draft BYOP offer (postpaid); subscription-area eligibility matters. Priced plan cards are rendered by script and could not be read.
Official source ↗Research attempted Oct 7, 2026
Lucky Mobile
Prices reconfirmed in the Quebec view on Oct 6; Ontario from Oct 3. Autopay bonus required.
Official source ↗Research attempted Oct 7, 2026
Chatr
Ontario 5/15/30 GB prices reconfirmed Oct 6; the $21 1 GB plan was no longer listed. Annual pooled-data plan excluded.
Official source ↗Research attempted Oct 7, 2026
Rogers
Excluded: listed prices require Internet or TV service plus Auto-Pay; no standalone price shown.
Official source ↗Research attempted Oct 7, 2026
Bell
Excluded: prices require an Internet bundle, Autopay and time-limited credits.
Official source ↗Research attempted Oct 7, 2026
Koodo
Excluded: BYOP prices are rendered by script and not readable.
Official source ↗Research attempted Oct 7, 2026
Fido
Excluded: only talk-and-text prices shown; data-plan prices not exposed.
Official source ↗Research attempted Oct 7, 2026
Virgin Plus
Not yet modeled: Ontario BYOP $40/20 GB (ends Oct 13) and $50/60 GB include an Autopay credit of unstated size.
Official source ↗Research attempted Oct 7, 2026
Fizz
Excluded: address and configured plan needed to verify price/data.
Official source ↗Research attempted Oct 3, 2026
TELUS
Excluded: BYOD prices are rendered by script and not readable.
Official source ↗Research attempted Oct 7, 2026
EQ Bank
Excluded: rates are rendered by script and could not be read from the official page.
Official source ↗Research attempted Oct 7, 2026
Simplii
Excluded: 4.60% for 153 days (to $200,000) over tiered base rates of 0.30–1.00% needs a day-based, tiered model.
Official source ↗Research attempted Oct 7, 2026
Tangerine
Excluded: rate page still returns unresolved placeholders; the readable 5.00% offer is a 5-month registered-account promo.
Official source ↗Research attempted Oct 7, 2026
