What is the TFSA contribution limit for 2026?
The TFSA dollar limit for 2026 is $7,000. It is added to your available contribution room on January 1, 2026, along with any unused room and qualifying amounts from prior years, subject to CRA rules.
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TFSA Calculator Canada 2026
Calculate your contribution room or project tax-free growth
Withdrawals from prior years are added back to your room the following January 1.
Available room (estimate)
$109,000
Total lifetime room$109,000
2026 annual limit$7,000
Estimates only. Verify with CRA.
Estimates only. This tool does not access CRA data. Verify your room with official sources.
How TFSA contribution room works
- The 2026 limit is $7,000 added to your room on January 1, 2026 (along with other components of room under CRA rules).
- Cumulative room builds from the year you first become eligible (age 18 or older with a valid SIN, resident of Canada) — for dollar limits, accumulation starts no earlier than 2009 when the TFSA began, or the year you turned 18, whichever is later.
- Withdrawals are generally added back to your contribution room on the following January 1 — not the same day you withdraw.
Cumulative limits 2009–2025 (for reference): 102,000 CAD in scheduled annual dollar limits for someone eligible every year; 2026 adds $7,000 more.
| Year | Annual TFSA dollar limit |
|---|---|
| 2009 | 5,000 CAD |
| 2010 | 5,000 CAD |
| 2011 | 5,000 CAD |
| 2012 | 5,000 CAD |
| 2013 | 5,500 CAD |
| 2014 | 5,500 CAD |
| 2015 | 10,000 CAD |
| 2016 | 5,500 CAD |
| 2017 | 5,500 CAD |
| 2018 | 5,500 CAD |
| 2019 | 6,000 CAD |
| 2020 | 6,000 CAD |
| 2021 | 6,000 CAD |
| 2022 | 6,000 CAD |
| 2023 | 6,500 CAD |
| 2024 | 7,000 CAD |
| 2025 | 7,000 CAD |
| 2026 | 7,000 CAD |
Important nuances
- Withdrawing when investments are down: the amount added back to your room the next January 1 is based on what you withdrew, not your original contribution — so realized losses can permanently reduce how much you can re-contribute later.
- Same-year recontribution: withdrawals are only added back the following January 1 — you cannot always replace a withdrawal in the same calendar year without available room.
- Transfers between institutions: a direct transfer between financial institutions arranged as a qualifying transfer is not the same as a cash withdrawal — only an actual withdrawal affects room the way this summary describes.
Disclaimer
This tool provides estimates only. It does not access CRA data or your actual TFSA records. Verify your room at canada.ca My Account or by calling the CRA. Cashsembly is not affiliated with the Canada Revenue Agency.
TFSA growth examples: $7,000 a year
Contributing $7,000 a year at a 6% return grows a TFSA to about $272,949 in 20 years, and the $132,949 of growth is never taxed.
| Years | You contribute | Tax-free growth | Balance |
|---|---|---|---|
| 5 years | $35,000 | $6,827 | $41,827 |
| 10 years | $70,000 | $27,801 | $97,801 |
| 20 years | $140,000 | $132,949 | $272,949 |
| 30 years | $210,000 | $376,612 | $586,612 |
Assumes a constant 6% annual return and the 2026 limit of $7,000 every year; actual limits are indexed and returns vary.
Frequently asked questions
What is the total TFSA room if I've never contributed since 2009?
If you were eligible for every year from 2009 through 2025, the cumulative annual dollar limits total $102,000. The 2026 limit adds another $7,000, for $109,000 cumulative through 2026 for someone eligible every year including 2026. Your personal room depends on when you turned 18 and became resident.
Can I re-contribute what I withdrew from my TFSA?
Generally, amounts you withdraw from your TFSA are added back to your contribution room starting the following January 1 — not immediately in the same calendar year unless you already have unused room. Always track contributions and withdrawals against your limit.
What happens if I over-contribute to my TFSA?
Excess contributions may be subject to a tax of 1% per month on the highest excess amount for each month it remains. See CRA guidance on excess TFSA amounts and how to correct them.
Does TFSA growth count as income?
Investment income and growth inside a TFSA are typically tax-free while in the account, and qualifying withdrawals are generally not taxable. This is a general description; see CRA for your situation.
Can a non-resident contribute to a TFSA?
Non-residents may face a monthly 1% tax on contributions made while non-resident, subject to exceptions. If you are or become a non-resident, review CRA rules before contributing.