Enter the year you turned 18 and what you have put in so far to estimate your TFSA contribution room. The calculator adds every annual limit from the later of 2009 and your eligibility year — figures reviewed for the 2025 tax year, when the limit is $7,000.
Your TFSA history
How it works. TFSA room accrues automatically every year from the later of 2009 and the year you turn 18, at that year's published limit — whether or not you filed a return or opened an account, as long as you were a Canadian resident. The calculator sums those limits through 2025 and subtracts your net contributions. A year you turned 18 before 2009 means you have accrued every limit since the program started.
Your estimated TFSA room
$0
room accrued from 2009 through 2025, at each year's limit
Withdrawals come back as room on January 1 of the NEXT year, not the day you take the money out. CRA MyAccount shows the official figure, but it lags January contributions your bank has not yet reported — treat this and MyAccount both as estimates until your institution's filings catch up.
An estimate is a starting point. Get your real number.
This calculator uses published rates. Your actual position depends on the credits, deductions and structure behind your numbers.
- A professional tax accountant reviews your figures, not a formula
- Fixed quote before any work starts
- You pay after you approve the filing
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Send your details and we'll confirm your exact position.
How TFSA room accrues
Unlike an RRSP, TFSA room has nothing to do with your income. Every Canadian resident aged 18 or over accrues the same annual limit — $5,000 when the account launched in 2009, $10,000 in the one-year 2015 spike, and $7,000 for 2025. If you have been eligible since 2009 and never contributed, your room is $102,000. Turned 18 later? Your count starts that year, which is why the calculator asks for it.
Room is also elastic: withdraw $10,000 this year and that $10,000 is added back to your room on January 1 of next year, on top of the new annual limit. Contribute more than your room and CRA charges a penalty of 1% of the excess for every month it stays in the account — a common trap is re-contributing a withdrawal in the same calendar year it was made. Deciding how the TFSA fits alongside your other registered accounts is a planning question: see tax planning.
What this calculator does not cover
Room only accrues for years you were a Canadian resident — this tool assumes you were resident throughout, so years living abroad mean your real figure is lower. It also cannot see your actual contribution history: the number you enter drives the answer, and CRA MyAccount holds the official record. If you are weighing where the next dollar should go, run the RRSP vs TFSA comparison before filling either account.
| Years | Annual limit |
|---|---|
| 2009–2012 | $5,000 |
| 2013–2014 | $5,500 |
| 2015 | $10,000 |
| 2016–2018 | $5,500 |
| 2019–2022 | $6,000 |
| 2023 | $6,500 |
| 2024–2025 | $7,000 |
| Total since 2009 | $102,000 |
Room accrues only for years you were 18 or older and a resident of Canada.
Rates reviewed for the 2025 tax year by Udit Gupta, Founder and Tax Accountant. Federal and provincial rates change annually, and this tool is an estimate for planning rather than tax advice. Confirm current figures before relying on them for a filing.
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Rates and method reviewed by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Sources. Canada.ca — Personal income tax · Income Tax Act (Justice Laws Website)