TFSA Calculator

Calculate your cumulative TFSA contribution room and project growth from regular contributions. Someone eligible since 2009 has $109,000 in total lifetime room by 2026 — the annual limit has held at $7,000 for three straight years (2024-2026).

Contribution room

Eligible since

Total ever contributed ($)

Total ever withdrawn ($)

$109,000

Total lifetime room

$109,000

Available room now

$7,000

2026 annual limit

Growth projection

Monthly contribution ($)

Annual return (%)

Years

$49,410

Projected balance

$36,000

Total contributed

$13,410

Investment growth

The 2026 TFSA annual limit is $7,000. Someone eligible since 2009 has $109,000 in cumulative room. Withdrawals restore room, but only starting the following calendar year — the room shown here assumes that restored room is already available. Growth projections are illustrative only and don't guarantee future returns.

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Why use TFSA Calculator?

TFSA contribution room isn't just this year's $7,000 limit — it's cumulative from whichever is later, 2009 (when TFSAs launched) or the year you turned 18 and became a Canadian resident, minus whatever you've contributed, plus whatever you've withdrawn (with a one-year lag on withdrawals). The annual limit has changed several times since 2009 — most notably a one-year jump to $10,000 in 2015 — so a rough "$7,000 × years" estimate overstates room for anyone who was eligible before 2019. This calculator sums the actual historical limit for each year of your eligibility, so the total matches CRA's published cumulative figures. The growth projector is separate and purely illustrative — actual investment returns vary and aren't guaranteed, so treat it as a planning estimate rather than a forecast.

Key benefits

Uses the actual year-by-year historical limit table, not a flat estimate
Accounts for the $10,000 one-time 2015 limit correctly
Withdrawal room restoration built in
Optional compound-growth projection

Features

Cumulative room = sum of annual limits from eligibility year through 2026
Available room = total room − contributed + withdrawn
Monthly compounding growth projector

Popular use cases

Checking how much TFSA room you have before over-contributing (which triggers a 1%/month CRA penalty)
Planning a lump-sum or catch-up contribution
Projecting how a TFSA balance grows with regular monthly contributions

How to use TFSA Calculator

1
Pick your eligibility year
The later of 2009 (TFSA launch) or the year you turned 18 and became a Canadian resident.
2
Enter contributions and withdrawals
Total ever contributed and withdrawn, to date.
3
Read your room
Total lifetime room and what's available to contribute right now.
4
Project growth (optional)
Enter a monthly contribution, return rate, and time horizon.

Frequently asked questions

What is the TFSA limit for 2026?

$7,000 — unchanged from 2024 and 2025, the third consecutive year at that level.

How much total TFSA room do I have if I've never contributed?

If you were 18 or older and a Canadian resident in 2009 and have never contributed, your cumulative room by 2026 is $109,000 — the sum of every annual limit since the TFSA launched.

What happens if I over-contribute?

The CRA charges a penalty tax of 1% per month on the excess amount for as long as it stays in the account, so it's worth confirming your room (via CRA My Account or this calculator) before a large contribution.

When does withdrawn room come back?

Withdrawn amounts are added back to your contribution room, but only starting January 1 of the following calendar year — not immediately.

Last reviewed: August 2026

Contribution room

Growth projection

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