TFSA Calculator
Updated on 22 Oct 2026 for the 2026 tax year · Checked by Aotob
You can put C$69,000 into your TFSA in 2026.
Adding C$500 a month at 5%, your TFSA reaches C$340,874 in 20 years, with C$168,874 of growth you never pay tax on.
Your room in 2026
C$69,000
Withdrawals are tax-free and the room comes back on 1 January the next year.
Show the working
Room = limits 2009 to 2026 109,000 − contributed 40,000 + withdrawn before this year 0 = 69,000
Your TFSA
Yearly TFSA limits
| Year | Limit |
|---|---|
| 2026 | 7,000 |
| 2025 | 7,000 |
| 2024 | 7,000 |
| 2023 | 6,500 |
| 2022 | 6,000 |
| 2021 | 6,000 |
| 2020 | 6,000 |
| 2019 | 6,000 |
| 2018 | 5,500 |
| 2017 | 5,500 |
| 2016 | 5,500 |
| 2015 | 10,000 |
| 2014 | 5,500 |
| 2013 | 5,500 |
| 2012 | 5,000 |
| 2011 | 5,000 |
| 2010 | 5,000 |
| 2009 | 5,000 |
| Total | 109,000 |
Questions people ask
What is the 2026 TFSA limit?
$7,000. If you were 18 or older and resident in Canada in 2009 and have never contributed, your total room in 2026 is $109,000.
What happens when I withdraw?
Withdrawals are tax-free and the same amount is added back to your room on 1 January of the next year. Putting it back in the same year can cause an over-contribution.
TFSA or RRSP?
An RRSP gives a refund now and is taxed later; a TFSA gives nothing now and is never taxed. The RRSP wins if your tax rate in retirement will be lower than today, the TFSA if it will be the same or higher.
Updated 22 Oct 2026Tax year 2026Source: CRA: TFSA contribution roomChecked by AotobYour exact room is on CRA My Account. Growth assumed steady.Report an issue