Wealth
TFSA Calculator 2026 — Annual Limit and Projection
Last updated: October 2026
TFSA Calculator 2026
How it works
This calculator uses the annual TFSA dollar limits since 2009. The cumulative figure assumes Canadian residency and eligibility in every year from age 18. It omits withdrawals, contributions and other facts needed to determine your own available room. A withdrawal normally creates new room on January 1 of the following year, not immediately.
Limits per year: $5,000 (2009-2012), $5,500 (2013-2014, 2016-2018), $10,000 (2015), $6,000 (2019-2022), $6,500 (2023), $7,000 (2024-2026).
Why maximize your TFSA?
Investment income and qualifying withdrawals from a TFSA are generally tax-free. The projection illustrates compound growth under the entered assumptions; it does not establish that the planned contributions fit your personal limit. Review your records before contributing.
Frequently Asked Questions
What is the TFSA limit for 2026?
The 2026 annual TFSA dollar limit is $7,000. Your personal room also depends on unused room, contributions, withdrawals and residency.
How do I check my actual TFSA room?
Use records from all your TFSA issuers and the CRA worksheet or calculator. CRA My Account may not include recent transactions.
Is over-contribution penalized?
Yes. An excess TFSA amount can be subject to tax. Verify your available room before contributing.
Can I contribute to TFSA and FHSA the same year?
Yes, if you are eligible and have available room in each account. They have separate rules.