TFSA Contribution Room Calculator

Calculate your Tax-Free Savings Account contribution room for 2025. The TFSA is one of the best investment accounts available to Canadians, allowing tax-free growth and withdrawals.

TFSA Contribution Room Calculator

Find out how much contribution room you have in your Tax-Free Savings Account.

TFSA eligibility starts the year you turn 18

All TFSA contributions across all accounts

Only withdrawals made in previous years count

TFSA room only accumulates while you are a Canadian resident

TFSA annual contribution limits

2009–2012: $5,000
2013–2014: $5,500
2015: $10,000
2016–2018: $5,500
2019–2022: $6,000
2023: $6,500
2024–2025: $7,000

About the TFSA

The Tax-Free Savings Account (TFSA) is a registered investment account that allows Canadians aged 18 and older to save and invest money tax-free. Any investment income earned in a TFSA, including capital gains, dividends, and interest, is not taxed.

Key TFSA Facts:

  • Contribution room accumulates every year starting the year you turn 18
  • The 2025 TFSA contribution limit is $7,000
  • Unused contribution room carries forward indefinitely
  • Withdrawals can be re-contributed the following year
  • You must be a Canadian resident to accumulate TFSA room
  • Over-contributions are subject to a 1% per month penalty

TFSA Contribution Limits by Year:

2009-2012: $5,000/year
2013-2014: $5,500/year
2015: $10,000/year
2016-2018: $5,500/year
2019-2022: $6,000/year
2023: $6,500/year
2024-2025: $7,000/year

Total TFSA room since 2009: $95,000 (for those who were 18 in 2009 or earlier)

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