TFSA Calculator
Contribution room and tax-free growth
Your 2026 TFSA contribution room
$69,000
Limits since 2009
$109,000
Contributed
-$40,000
Added back
+$0
You can put in up to $69,000 this year across all your TFSAs. Check it against your own records: the CRA account only updates once a year.
Balance in 20 years
$417,270
$254,648 in today's dollars
You put in
$185,000
$45,000 now + $140,000 more
Tax-free growth
$232,270
Generally tax-free, even when withdrawn
TFSA balance by year
| Year | Added | Balance | In today's dollars |
|---|---|---|---|
| 5 | $35,000 | $102,047 | $90,195 |
| 10 | $70,000 | $178,390 | $139,358 |
| 15 | $105,000 | $280,553 | $193,712 |
| 20 | $140,000 | $417,270 | $254,648 |
How your TFSA room is calculated
Your room this year is the year's dollar limit, plus any room you have not used from earlier years, plus what you withdrew last year, minus what you have already contributed this year. It is one total across all your TFSAs.
Room starts building in the year you turn 18 if you live in Canada, and new residents start in the year they arrive. No room was given before 2009, when the TFSA began. The yearly limit is indexed to inflation and rounded to the nearest $500.
For example, CRA's Joe turned 18 in 2024 and contributed $7,000 that year and $2,000 in 2025, so in 2026 he has $12,000 of room: $7,000 for 2026 plus the $5,000 he did not use in 2025.
TFSA dollar limits by year
| Year | Dollar 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 |
| 2009 to 2026 | $109,000 |
From CRA, checked September 26, 2026.
TFSA or RRSP?
A TFSA gives no deduction when you contribute, but growth and withdrawals are generally tax-free, and withdrawals do not affect OAS or GIS. An RRSP gives a deduction now (up to 18% of last year's earned income, to $33,810 for 2026), but withdrawals are taxed as income.
To see how your TFSA fits an early retirement plan with CPP and OAS, use the Coast FIRE calculator for Canada.
Sources