TFSA Calculator
Estimate how much Tax-Free Savings Account room you have available in 2026, based on your age, everything you’ve contributed, and any past withdrawals.
Assumes Canadian residency since the year you turned 18 (or 2009). Withdrawals are added back to your room the year after you withdraw.
This calculator is a simplified illustration for general education only. It is not tax, investment or financial advice, a projection, or a guarantee. Your own situation depends on your full circumstances — speak with us for planning tailored to you.
TFSA Calculator — questions
What is the TFSA limit for 2026?
The annual TFSA dollar limit for 2026 is $7,000. If you were 18 or older in 2009 and have never contributed, your cumulative room in 2026 is $102,000.
How is TFSA contribution room calculated?
Add up the annual limit for every year since 2009 (or the year you turned 18, if later), add back any withdrawals from prior years, then subtract everything you have ever contributed. The result is your remaining room.
What happens if I over-contribute to my TFSA?
The CRA charges a penalty of 1% per month on the highest excess amount for each month it stays in the account. It is worth confirming your room before topping up.
Do TFSA withdrawals give the room back?
Yes — any amount you withdraw is added back to your contribution room, but not until January 1 of the following year.
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