TFSA Contribution Room Calculator

Contribution room is the maximum amount you can put into a Tax-Free Savings Account without penalty. Room accumulates automatically every year you're 18 or older and a Canadian resident — even years you don't open or use a TFSA. For 2026, the annual addition is $7,000.

Take the cumulative annual limits from age 18 (or 2009, whichever is later) up to and including the current year. Subtract everything you've ever contributed. Add back any withdrawals from previous calendar years (current-year withdrawals don't restore room until January 1 of the following year). The total is your available room.

If you were 18 or older in 2009 and a Canadian resident every year since, your cumulative TFSA contribution room as of 2026 is $109,000.

The CRA charges a 1% per month penalty on the excess amount until you withdraw it. Even small over-contributions add up — $5,000 over for a year would cost you $600 in penalties. The calculator shows a negative room number if your inputs put you over.

Yes — but only on January 1 of the following calendar year. If you withdraw $10,000 in March, you need to wait until next January 1 before that $10,000 of room comes back. This is the most common over-contribution trap.

New room is added on January 1. For 2026, the annual addition is $7,000. The CRA indexes this amount to inflation in $500 increments.

Sign in to CRA "My Account" or call the CRA TIPS line. The number on your Notice of Assessment is usually accurate but can lag if you contributed recently. This calculator is an estimator — verify with the CRA before maxing out.