How much can I put in my TFSA?
Enter your birth year, when you became a resident of Canada, and what you have put in and taken out. Your CRA account shows the official figure, updated once a year, so your own records are the best way to stay current.
Your estimate
What the calculator assumes.
Annual limits. $5,000 a year from 2009 to 2012, $5,500 in 2013 and 2014, $10,000 in 2015, $5,500 from 2016 to 2018, $6,000 from 2019 to 2022, $6,500 in 2023 and $7,000 from 2024 to 2026. Source: Canada Revenue Agency.
Withdrawals. A withdrawal is added back to your room on January 1 of the next year, not right away. Putting it back in the same year can create an excess, taxed at 1% a month. Source: CRA, calculate your TFSA room.
Not included. Transfers between your own TFSAs do not count as contributions or withdrawals. Investment losses do not give room back. Read the TFSA basics guide.