Find your 2026 TFSA contribution room instantly. Avoid over‑contribution penalties. Unique wealth simulator shows your tax‑free future. CRA‑accurate & free.
TFSA Contribution Room Calculator 2026
Find out exactly how much you can contribute to your Tax‑Free Savings Account this year. Includes unique future wealth simulator.
Withdrawals made before 2026 are added back to your room in 2026. Withdrawals during 2026 will affect next year’s room.
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Calculate Your RRIF Payments NowTFSA Frequently Asked Questions
A Tax‑Free Savings Account (TFSA) lets you earn investment income completely tax‑free. You don’t get a tax deduction for contributions, but all growth and withdrawals are tax‑free. See the CRA TFSA guide.
Your room equals the total of all annual TFSA limits since you turned 18 (or became a resident) minus contributions you’ve made, plus withdrawals from previous years. Unused room carries forward forever. Official rules: CRA contributions.
The projected 2026 limit is $7,000 (indexed to inflation). The exact amount is announced each fall by the federal government. Historic 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.
A 1% per month penalty tax applies on excess contributions. You must remove the excess immediately. For more, visit the CRA over‑contribution page.
Yes. Your contribution room accumulates every year you are 18+ and a resident. There is no lifetime maximum – if you didn’t contribute in past years, that room is added to your total available room.
This calculator is based on CRA regulations and uses a projected 2026 limit of $7,000. Always verify with official sources. Last updated: June 2026.