TFSA Contribution Room Tracker
Calculate your exact 2026 Tax-Free Savings Account limit and avoid CRA over-contribution penalties.
How does TFSA room accumulate?
Your TFSA contribution room is the total amount you can put into a TFSA. It began accumulating in 2009 but only for years you were 18 or older and a resident of Canada.
The Magic of Refilling: Unlike an RRSP, if you withdraw money from a TFSA, that exact withdrawal amount is added back to your contribution room on January 1s of the following year.
How to Use This Calculator
- Year of Birth - Room only starts accumulating the year you turn 18.
- Previous Contributions - Subtract every dollar you have ever deposited across all your TFSA accounts.
- Add Withdrawals - If you took money out in previous years, that amount increases your current room.
Calculation Formula & Example
The Formula
Current Room = (Unused Room from last year) + (Annual Limit) + (Last year withdrawals)
Where:
- 2026 Limit = $7,000
- Starting Age = Must be 18+ to accumulate room.
Example Calculation
If you were 18 in 2009 and have never contributed, your total room in 2026 would be $102,000.
Benefits of Using This Calculator
- Avoid Penalties - The CRA charges 1% per month on the highest excess TFSA amount.
- Long-term Planning - Know how much you can shelter from tax-free compounding.
- Withdrawal Strategy - Understand that your room isn't 'lost' when you spend the money.
Calculator Use Cases
Check your limit before depositing a bonus or inheritance.
Double-check the (sometimes outdated) numbers provided by the CRA portal.
Frequently Asked Questions
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