TFSA · 2026
TFSA room that starts when you arrive, not in 2009.
Room through 2026
Educational only, not financial or tax advice. Not affiliated with CRA.
Available during 2026, before that year's contributions
$21,000.00
Calculate your TFSA contribution room. 2026 · Canada Revenue Agency
- Room at the end of 2026
- $21,000.00Calculate your TFSA contribution room. 2026 · Canada Revenue Agency
- Dollar limits accrued in eligible years
- $21,000.00Before you contribute to a TFSA. 2024–2026 · Canada Revenue Agency
Eligible years start in 2024, the later of your residency year and the year you turn 18 (2002). Years before you arrived are not included. Withdrawals come back on 1 January of the next year.
| Year | Dollar limit | Contributions | Withdrawals | Room at year end |
|---|---|---|---|---|
| 2024 | $7,000.00 | $7,000.00 | ||
| 2025 | $7,000.00 | $14,000.00 | ||
| 2026 | $7,000.00 | $21,000.00 |
How the room is counted
To open a TFSA you generally need to be a resident of Canada, at least 18, and have a valid social insurance number. The dollar limit is the same for everyone who is eligible that year. It is indexed and rounded to the nearest $500, which is why the amounts jump in $500 steps.
Contributions reduce room in the same year. Withdrawals are added back the next 1 January. An amount above your room is an over-contribution, and CRA says that excess is taxable at 1% per month while it remains. This tool can show a negative room. It cannot know which months the excess sat in the account, so it does not turn that into a tax bill.
The calculator assumes you stayed a resident after the year you enter. A contribution made while you are a non-resident is a different problem, described on the same CRA page. Qualifying transfers and exempt contributions are not modelled.
Official dollar limits
Each year below is the TFSA dollar limit for that year, from CRA's Before you contribute to a TFSA. The same 2026 amount, $7,000.00, is on the registered-plans limits table. There is no 2027 row because CRA has not published one.
| Years | Dollar limit |
|---|---|
| 2009–2012 | $5,000.00 |
| 2013–2014 | $5,500.00 |
| 2015 | $10,000.00 |
| 2016–2018 | $5,500.00 |
| 2019–2022 | $6,000.00 |
| 2023 | $6,500.00 |
| 2024–2026 | $7,000.00 |
Questions
When does TFSA room start if I moved to Canada?
CRA says a new resident who is 18 or older starts to accumulate room on the day they have residency. In practice the dollar limit for that calendar year is the full annual amount, not a monthly fraction. You do not receive limits for years before you were a resident.
What if I arrived before I turned 18?
Room starts in the year you turn 18, if you are a resident that year. In some provinces and territories the age of majority is 19, so you may have to wait until then to open the account. CRA says the room from the year you turned 18 can be carried over. The opening rules are on CRA's TFSA opening page.
Does a withdrawal give me room back this year?
No. CRA adds a withdrawal back as contribution room on 1 January of the next year. A contribution reduces room immediately. Investment gains and losses do not change room.
Has the 2027 TFSA limit been announced?
No. CRA's limits table and the dollar-limit list on the 'Before you contribute' page stop at 2026, which is $7,000. This calculator does not guess a 2027 amount.