TFSA Contribution Room Calculator (2026)
The 2026 TFSA dollar limit is $7,000. If you have been a Canadian resident and eligible since 2009, lifetime room is $109,000 before withdrawals. Use the calculator, then compare a high-interest savings account or a GIC inside the TFSA.
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
After you know your room
Where to put TFSA cash next
Once you know the room, compare a liquid HISA against a locked-in GIC, or park the cash in a no-fee savings account.
HISA roundup
Best high-interest savings accounts in Canada
Compare no-fee HISAs against big-bank savings before you leave cash sitting in chequing.
Rate comparison
See the best GIC rates in Canada
Compare liquid savings against fixed-term rates when you want to trade flexibility for yield.
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 2026 TFSA contribution limit is $7,000 (same as 2024 and 2025)
- Unused contribution room carries forward indefinitely
- Withdrawals can be re-contributed the following calendar 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:
Total TFSA room since 2009: $109,000 (for those who were 18 in 2009 or earlier)