TFSA contribution room calculator

Figure out how much you can still put into your TFSA this year. The CRA’s number is authoritative — check it at CRA My Account — but this calculator usually matches it.

Year you were bornWe use this to figure out the first year you were eligible (the year you turned 18).Year you became a Canadian residentIf you've always been one, repeat your birth year here. Newcomers: the year you became a tax resident.Total you've contributed to dateLifetime, across every TFSA you've ever had. Doesn't include growth.Withdrew last yearAmount you took out of your TFSA in the previous calendar year. Restored to your room this year.

Fill in the four fields above to see your estimated room.

How TFSA room works

Your TFSA contribution room accumulates from age 18 onward (if you’ve been a Canadian resident continuously). The 2026 annual addition is $7,000. Unused room carries forward forever.

Withdrawals restore room — but not until the following calendar year. Withdrawing $5,000 today doesn’t free up room to re-contribute until January 1st of next year. Re- contributing in the same year as the withdrawal counts as an over-contribution, attracting a 1% per-month penalty.

What counts as a contribution

Every dollar you move from a non-TFSA account into a TFSA. Direct deposits to a TFSA savings account, deposits to a TFSA brokerage account, GIC purchases inside a TFSA — all contributions. Investment growth inside the TFSA is not a contribution.

What if I’m wrong?

The CRA’s system is the source of truth. If we say you have $X of room and the CRA says $Y, trust the CRA. Most discrepancies come from forgotten contributions, transfers between TFSAs at different institutions, or in-kind contributions you didn’t realize counted.

What is Kinly?

Kinly is a household-finance OS for Canada. We track every transaction, reconcile your statements automatically, and write you a one-paragraph brief each morning. Phase 2 includes full contribution-room tracking for TFSA, RRSP, FHSA, Spousal RRSP, and RESP, with specific recommendations from our advisor agent. Sign up free.