The TFSA limit for 2026 is $7,000. If you were 18 or older and a Canadian resident in 2009 and have never contributed, your total room in 2026 is $109,000.
Quick check: use our free TFSA contribution room calculator to see your exact room in seconds.
TFSA limits by year
- 2009 to 2012: $5,000 a year
- 2013 and 2014: $5,500
- 2015: $10,000
- 2016 to 2018: $5,500
- 2019 to 2022: $6,000
- 2023: $6,500
- 2024 to 2026: $7,000
How your room is calculated
Room builds only from the year you turn 18 and are a resident. Each January you get the new annual limit. Any amount you withdrew in the previous year is added back on January 1. So your room equals unused room from past years, plus this year’s limit, plus last year’s withdrawals.
TFSA room by birth year (2026)
If you have lived in Canada since you turned 18 and have never contributed, this is your total TFSA room in 2026. Room starts the year you turn 18 (or 2009, when TFSAs began).
| Born in | Room starts | Total room in 2026 |
|---|---|---|
| 1991 or earlier | 2009 | $109,000 |
| 1992 | 2010 | $104,000 |
| 1993 | 2011 | $99,000 |
| 1994 | 2012 | $94,000 |
| 1995 | 2013 | $89,000 |
| 1996 | 2014 | $83,500 |
| 1997 | 2015 | $78,000 |
| 1998 | 2016 | $68,000 |
| 1999 | 2017 | $62,500 |
| 2000 | 2018 | $57,000 |
| 2001 | 2019 | $51,500 |
| 2002 | 2020 | $45,500 |
| 2003 | 2021 | $39,500 |
| 2004 | 2022 | $33,500 |
| 2005 | 2023 | $27,500 |
| 2006 | 2024 | $21,000 |
| 2007 | 2025 | $14,000 |
| 2008 | 2026 | $7,000 |
Already contributed? Subtract what you put in, then add back any withdrawals from earlier years. Your exact number is in CRA My Account, or use our TFSA calculator.
How to check your room
CRA My Account shows your TFSA room as of January 1, but it does not include contributions or withdrawals made this year. Banks report to the CRA once a year, so keep your own record if you move money during the year.
The over-contribution trap
The most common mistake is withdrawing and putting the money back in the same year. A withdrawal does not free up room until the next January. If you go over your room, the CRA charges 1% per month on the excess for every month it stays in the account.
What to hold in a TFSA
Because growth is never taxed, many people use the TFSA for investments with the highest expected growth, such as broad stock ETFs, rather than cash. If the money is for an emergency fund or a near-term goal, a high-interest savings account or GIC inside the TFSA keeps it steady.
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- Weekly email with your watchlist movers
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Frequently asked questions
Can I lose money in a TFSA?
Yes, if you hold stocks or funds that fall. It depends on what you hold. See what is a TFSA for how the account works.
Do I need to report TFSA income on my tax return?
No. Interest, dividends and gains inside a TFSA are not reported. US dividends may still face a 15% US withholding tax.
What if I move to another country?
You keep the account, but you do not earn new room while you are a non-resident, and contributions during that time are penalized.
This is general information, not tax advice. Compare accounts in our TFSA vs RRSP guide and join the discussion in the community.
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