TFSA Contribution Room Calculator
Calculate your total Tax-Free Savings Account contribution room based on your age, residency status, and contribution history. Track available room across three modes: lifetime total, with contributions, or year-by-year tracking.
Total TFSA Contribution Room
$109,000
Total contribution room accumulated since 2009
Eligible Years
18
Since 2009
Total Room
$109,000
Lifetime accumulated
Max Possible
$109,000
If eligible since 2009
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Frequently Asked Questions
About This Calculator
The TFSA Contribution Room Calculator helps Canadians determine exactly how much they can contribute to their Tax-Free Savings Account. Since the TFSA was introduced in 2009, the annual contribution limit has changed multiple times, making it challenging to track your total available room. Your contribution room depends on your age (you must be 18+), your Canadian residency status, and any previous contributions and withdrawals you've made. Unlike RRSPs, TFSA withdrawals add back to your contribution room the following year, creating a dynamic calculation that many Canadians find confusing. This calculator offers three modes: a simple total room calculation based on eligibility, room minus your total contributions, and a comprehensive year-by-year tracker that accounts for both contributions and withdrawals to show your true available room.
Key Features
- Calculate lifetime TFSA contribution room based on birth year
- Account for years as a non-resident when room doesn't accumulate
- Track total contributions to see remaining available room
- Year-by-year activity tracking with withdrawal room restoration
- Over-contribution detection and penalty warnings
- Complete year-by-year breakdown from 2009 to present
- Updated with 2024-2026 contribution limits ($7,000/year)
- Three calculation modes for different tracking needs
When to Use This Calculator
- New immigrants calculating their TFSA room since arriving in Canada
- Canadians who lived abroad and need to account for non-resident years
- Anyone who has made withdrawals and wants to know their restored room
- Tax planning to maximize TFSA contributions without over-contributing
- Financial advisors helping clients understand their TFSA capacity
- Year-end planning to use remaining TFSA room before January 1
Legislative Implementation Notice
This calculator provides estimates based on CRA rules for TFSA contribution room. For official contribution room amounts, log into CRA My Account or call 1-800-267-6999. The calculator does not account for contributions made in the current year that have not yet been reported to the CRA.