TFSA Contribution Room — How Much Can You Contribute?
Calculate your total TFSA contribution room based on your age and years of residency. See your cumulative limit and available room for 2026.
Your TFSA contribution room accumulates annually whether you contribute or not. The 2026 annual limit is $7000. If you were 18+ and a Canadian resident since 2009 your cumulative room is up to $102000. Unused room carries forward indefinitely. Withdrawals restore contribution room the following January 1. This makes TFSA one of the most flexible savings vehicles in Canada.
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Key Information
| Parameter | Details |
|---|---|
| 2026 Annual Limit | $7000 |
| Cumulative Room (since 2009) | Up to $102000 |
| Withdrawal Rule | Room restored January 1 following year |
| Penalty for Over-Contributing | 1% per month on excess amount |
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Use Calculator NowFrequently Asked Questions
How much TFSA room do I have?
If you turned 18 in 2015 and have been a resident since: your cumulative room is the sum of annual limits from 2015-2026. The annual limits have been: 2015: $10000 2016-2018: $5500 2019-2022: $6000 2023: $6500 2024-2026: $7000. Total: approximately $75500. Subtract what you have already contributed to find remaining room.
What happens if I over-contribute to TFSA?
CRA charges a 1% per month penalty on the excess amount for each month it remains. Example: if you over-contribute $5000 you pay $50/month penalty until withdrawn. CRA sends a notice and you must file Form RC243. Always track your contributions carefully through CRA My Account which shows your official room.
Can I re-contribute after TFSA withdrawal?
Yes but not immediately. If you withdraw $10000 in July 2026 that $10000 gets added back to your contribution room on January 1 2027. If you re-contribute in 2026 before the room restores you will be over-contributing and face penalties. Wait until January 1 of the following year to re-contribute withdrawn amounts.
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Last updated: March 2026