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TFSA Contribution Room Calculator (2026)

How much TFSA room do I have in 2026?

Add the yearly TFSA limits from 2009, or the year you turned 18 as a resident, to 2026 ($109,000 in total for someone eligible since 2009). Subtract every contribution you have made and add back every withdrawal made before 2026. The 2026 limit is $7,000. Withdrawals made in 2026 only come back on 1 January 2027.

Most TFSA over-contributions happen the same way: money comes out in spring, goes back in the summer, and the second deposit counts as new money because the withdrawal only gives room back next January.

Enter your birth year and what has gone in and out (or the room CRA My Account shows), and the calculator gives your room now, any over-contribution and your room on 1 January 2027.

Use the calculator All free tools

Built by Muhammad Shahzeb Anwar, MSc Industrial and Organizational Psychology. The yearly limits and the room rules come from the CRA's own TFSA pages, linked below.

The calculator

Work out your TFSA room

Runs in your browser. Nothing you type is stored or sent anywhere.

About you

Leave blank if you lived here before you turned 18, or before 2009.

Before 2026

Every bank, every year.
Leave out direct transfers between two TFSAs.
Optional. If you type it, it replaces the estimate.

In 2026 so far

They come back as room on 1 Jan 2027, not before.

The TFSA limit for every year

Room builds every year from 2009, or from the year you turn 18 and are a resident of Canada, whichever is later. You get the full limit for that year even if you turn 18 in December. Years when you were not a resident add no room.

YearTFSA dollar limit
2009$5,000
2010$5,000
2011$5,000
2012$5,000
2013$5,500
2014$5,500
2015$10,000
2016$5,500
2017$5,500
2018$5,500
2019$6,000
2020$6,000
2021$6,000
2022$6,000
2023$6,500
2024$7,000
2025$7,000
2026$7,000
2027Not announced on 2 November 2026 (CRA usually publishes it in late November or early December)

Total from 2009 to 2026: $109,000.

Worked example

Born in 1994, so room starts in 2012. The limits from 2012 to 2026 add up to $94,000. Before 2026 she put in $80,000 and took out $3,000, so her room on 1 January 2026 is $94,000 − $80,000 + $3,000 = $17,000.

In 2026 she puts in $7,000 in January, takes $4,000 out in March, then puts in $9,000 in May and $3,000 in July. That is $19,000 of contributions against $17,000 of room. The March withdrawal does not help this year, so from July she is $2,000 over and owes 1% a month ($20) for each month the excess stays in. Her room on 1 January 2027 will be −$2,000 + $4,000 withdrawn + the 2027 limit.

How the over-contribution tax works

An excess TFSA amount is taxed at 1% a month, on the highest excess in the account during each month it stays. CRA's own example: a $2,000 over-contribution made in June and removed in September costs $20 a month for June, July, August and September, $80 in all. Taking out part of the excess lowers the tax from the next month; the month you take it out still counts at the highest amount in that month.

New room on 1 January absorbs an excess left at the end of the year, but the tax for the months before that is still owed.

Common mistakes

  • Putting a withdrawal back in the same year when there is no other room left.
  • Counting only one bank: the room is shared by every TFSA you hold.
  • Treating a direct transfer between two TFSAs as a withdrawal and a new contribution. A direct transfer is neither; a withdrawal you redeposit yourself is both.
  • Relying on the CRA figure in the middle of the year: it shows room as of 1 January and does not include this year's deposits.
Before you rely on this

What this will not tell you

This estimates TFSA room from the yearly limits and the totals you enter. It does not handle years of non-residence after you first became a resident, qualifying transfers, the special rules for deceased holders or successor holders, or the exact timing of withdrawals that removed an excess earlier in the year. The 2027 figure uses $7,000 until CRA announces the 2027 limit. CRA My Account shows your official room. Nothing you type leaves your browser.

Questions

Questions people actually ask

What is the TFSA limit for 2026?

$7,000, the same as 2024 and 2025.

What is the total TFSA contribution room in 2026?

$109,000 for someone who has been 18 or older and a resident of Canada since 2009 and has never contributed.

What is the TFSA limit for 2027?

It had not been announced on 2 November 2026. The limit is indexed to inflation in $500 steps, and CRA usually publishes the next year's figure in late November or early December.

When can I put back money I took out of my TFSA?

On 1 January of the next year. A withdrawal is added to your room at the start of the following year, so putting it back sooner uses room you already have.

What is the penalty for over-contributing to a TFSA?

1% a month on the highest excess amount in each month it stays in the account, reported on a TFSA return.

Does unused TFSA room carry forward?

Yes. Unused room carries forward indefinitely and is added to each new year's limit.

Where every rule comes from

Sources

Checked against the text of the law on 2 November 2026. Laws and notified rates change; if a source below has moved on, the source wins over this page.

  1. CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits and YMPE: https://www.canada.ca/en/revenue-agency/services/tax/registered-plans-administrators/pspa/mp-rrsp-dpsp-tfsa-limits-ympe.html
  2. CRA: Calculate your TFSA contribution room: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributing/calculate-room.html
  3. CRA: Before you contribute to a TFSA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributing/before.html
  4. CRA: Tax payable on excess TFSA amounts: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/owing-tax/excess.html
Citation

Cite this tool

Free to use and free to quote. If a figure here is useful in something you are writing, a link back is all that is asked.

Muhammad Shahzeb Anwar, MSc Industrial and Organizational Psychology. TFSA Contribution Room Calculator. Shahzeb Speaks. https://www.shahzebspeaks.com/tfsa-contribution-room-calculator/

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Track TFSA, RRSP and FHSA room together

The TFSA + RRSP + FHSA Room Tracker (Excel, Google Sheets and an offline web page) logs every deposit and withdrawal across banks, flags an over-contribution the day it happens, estimates the 1% tax month by month, and works out next year's room for all three accounts.

Get the room tracker, US$14