Your TFSA room.
And what it could become.
Add up every CRA dollar limit since you became eligible, subtract what you’ve put in, and see how your room could grow at a rate you choose.
Illustration, not financial advice. Uses CRA TFSA limits for 2009–2026. Your CRA account and your own records decide your real room.
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The rules this calculator uses are listed below the results.
Room assumes you were a Canadian resident every year since your start year. Growth assumes you add money at the start of each year, never withdraw, and earn the same rate every year. Future TFSA limits are assumed to stay at the 2026 limit; CRA indexes them to inflation in $500 steps.
Official sources, checked Oct 7, 2026.
- 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).
- TFSA room starts the year you turn18 years of age
Canadian residents start accumulating room in the year they turn 18 (or 2009, if later). New residents start in the year they become resident.
- 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.
- 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.
- Tax on TFSA over-contributions1 % per month
Contributing more than your available room is taxed at 1% of the excess for each month it stays in the account.