TFSA Contribution Room Calculator
Calculate your total TFSA contribution room based on your age, province, and contribution history. See exactly how much you can still contribute — and avoid the 1% monthly over-contribution penalty.
Your Information
You are 31 years old in 2026
Age of majority: 18 (can open account at 18, room accumulates from 18)
Total amount you've ever put in across all TFSAs
Withdrawals from 2025 are added back to your room on Jan 1, 2026
Available Contribution Room
$89,000
Total Cumulative Room
$89,000
Accumulated since 2013
2026 Annual Limit
$7,000
Added to your room on Jan 1, 2026
Room Utilization
$0 of $89,000 used
0.0% utilized
Your TFSA Summary
Accumulating room since 2013
That's 13 years of TFSA eligibility.
Monthly target to max out: $7,417
Contributing $7,417/month would use all remaining room by the end of 2026.
Next year's room
On January 1, 2027, you'll receive a new annual limit (amount TBD — indexed to inflation, rounded to nearest $500) plus any withdrawals made in 2026.
Year-by-Year Room Accumulation
Shows how your TFSA contribution room built up over time. This does not include withdrawals added back — those are calculated separately above.
| Year | Annual Limit | Cumulative Room |
|---|---|---|
| 2013 | $5,500 | $5,500 |
| 2014 | $5,500 | $11,000 |
| 2015 | $10,000 | $21,000 |
| 2016 | $5,500 | $26,500 |
| 2017 | $5,500 | $32,000 |
| 2018 | $5,500 | $37,500 |
| 2019 | $6,000 | $43,500 |
| 2020 | $6,000 | $49,500 |
| 2021 | $6,000 | $55,500 |
| 2022 | $6,000 | $61,500 |
| 2023 | $6,500 | $68,000 |
| 2024 | $7,000 | $75,000 |
| 2025 | $7,000 | $82,000 |
| 2026Current | $7,000 | $89,000 |
How TFSA Contribution Room Works
Your TFSA contribution room starts accumulating the year you turn 18, as long as you are a Canadian resident with a valid SIN. You don't need to open an account or file taxes for the room to accumulate — it happens automatically.
The annual TFSA limit is indexed to inflation and rounded to the nearest $500. For 2024, 2025, and 2026, the limit has been $7,000. Someone eligible since 2009 who has never contributed has a total cumulative room of $109,000.
Withdrawals:When you withdraw from your TFSA, that amount is added back to your contribution room — but not until January 1 of the following year. If you withdraw $5,000 in June 2026 and re-contribute it in September 2026, you've over-contributed by $5,000 (unless you had unused room).
Over-contribution penalty:The CRA charges 1% per month on the highest excess amount for each month it remains. If you realize you've over-contributed, withdraw the excess immediately and file Form RC243.
Province matters for opening: While room accumulates from age 18 everywhere, you can only open a TFSA once you reach the age of majority in your province (18 in some, 19 in others). The room from age 18 is still there when you open the account.
Important
This calculator is for informational and educational purposes only. It is not licensed financial, tax, or legal advice. Your actual TFSA contribution room may differ based on factors not captured here, including transfers between TFSAs, qualifying transfers, and CRA adjustments. Always verify your available room in your CRA My Account before contributing. CRA records may not reflect recent transactions until the following year. Consult a qualified financial advisor for personalized guidance.
TFSA limit source: canada.ca