Find out exactly how much Tax-Free Savings Account room you have available — based on your birth year, residency, and contributions made to date.
Fill in the fields below — all amounts in Canadian dollars.
| Year | Annual limit | Cumulative room |
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Your TFSA contribution room is the total amount you are allowed to deposit into all of your Tax-Free Savings Accounts combined in a given year. Any money you put in above this limit is considered an over-contribution and is subject to a penalty tax.
Your available room is made up of three things: the new annual limit added every January 1st, any unused room carried forward from previous years, and any withdrawals you made from your TFSA in the prior calendar year.
2026 Key Fact: The CRA confirmed on December 1, 2025, that the TFSA dollar limit for 2026 is $7,000. For Canadians who have been eligible since 2009 and have never contributed, the total cumulative room as of January 1, 2026 is $109,000.
The CRA uses this formula to determine your available TFSA room:
You begin accumulating TFSA room in the year you turn 18 (or 2009, whichever is later), as long as you are a Canadian resident with a valid Social Insurance Number (SIN). Importantly, room accumulates for the entire year in which you turn 18 — even if your birthday is in December.
Important — Withdrawals and same-year re-contributions: If you withdraw from your TFSA, that room is only restored on January 1 of the following year. Re-contributing the same amount in the same calendar year (without available room) will result in an over-contribution and a CRA penalty. This is one of the most common TFSA mistakes Canadians make.
If your total TFSA contributions in any calendar year exceed your available room, the CRA will charge a tax of 1% per month on the highest excess amount for each month the over-contribution remains in the account. For example, an over-contribution of $5,000 would cost you $50 per month — $600 per year — until you withdraw the excess.
If you realize you have over-contributed, you should immediately withdraw the excess amount and file Form RC243 (Tax-Free Savings Account Return) with the CRA to report and resolve the situation.
The most authoritative source of your TFSA room is the CRA's My Account portal (canada.ca/my-cra-account). However, keep in mind that the CRA's records are updated based on reports from your financial institutions, which can sometimes be delayed by several months. This is why tracking your own contributions and withdrawals throughout the year is important.