How much total TFSA room do I have if I've never contributed and was 18+ in 2009?

$109,000 as of 2026 — the sum of every year's limit from 2009 through 2026.

When does a withdrawal add back to my contribution room?

Not immediately — the withdrawn amount is added back to your room starting January 1 of the FOLLOWING calendar year, not the year you withdrew it.

What happens if I over-contribute?

The CRA charges a 1% per month penalty tax on the excess amount for every month it stays over-contributed.

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Finance

Canada TFSA Calculator

Track cumulative TFSA contribution room and project tax-free growth.

🔒 Runs entirely in your browser — nothing here is ever uploaded

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Last reviewed 2026-08-31

About the Canada TFSA Calculator

Tracks your cumulative Canadian Tax-Free Savings Account (TFSA) contribution room using the CRA's published annual dollar limits since the account's 2009 introduction, and projects tax-free investment growth from a planned annual contribution, capping it automatically at whatever room is actually available each year.

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How to use it

Enter the year you turned 18 (or 2009 if you were already 18+ then).
Enter your lifetime contributions to date and any withdrawals made in prior years.
Enter your current TFSA balance, planned annual contribution, years to project, and expected growth rate.
Read your available contribution room now, and the projected tax-free balance.

Formula

Cumulative room = sum of the CRA's annual TFSA dollar limit for every year from your eligibility year through the current year. Available room now = cumulative room − lifetime contributions + prior-year withdrawals. Each projected year adds that year's new limit to room, caps your planned contribution at whatever room remains, then compounds: balance = balance × (1+g) + that year's actual contribution.

Worked example

Eligible since 2009, $40,000 contributed to date, $40,000 current balance, planning $7,000/yr for 20 years at 6% growth: $69,000 of room available now, growing to a projected balance of about $385,785 after 20 years.

CRA TFSA annual contribution limit by year

CRA TFSA annual contribution limit by year
Year	Limit
2009-2012	$5,000/yr
2013-2014	$5,500/yr
2015	$10,000
2016-2018	$5,500/yr
2019-2022	$6,000/yr
2023	$6,500
2024-2026	$7,000/yr

Interpreting your result

Uses the CRA's confirmed published annual limits for 2009-2026; years beyond 2026 assume the current $7,000 limit as a flat placeholder. Withdrawals restore room only starting the calendar year AFTER the withdrawal, not immediately — recontributing in the same year you withdraw, if you've already used your room, is an over-contribution subject to a 1%-per-month CRA penalty tax, which this tool doesn't model. Not financial or tax advice.

Recommendations

• Your available room is almost always more than just this year's limit — it's the sum of every year's limit since you turned 18 (or 2009), minus what you've actually contributed.
• A TFSA withdrawal is not lost room — it comes back, but only starting next calendar year.
• This tool projects a steady future contribution plan; it doesn't model additional withdrawals during the projection itself.

Frequently asked questions

$7,000 — unchanged from 2024 and 2025. The CRA indexes this annual dollar limit to inflation and rounds it to the nearest $500.