Skip to content
Huard & Co
All calculators

TFSA: how much can you still put in?

A is an account where your savings and investments grow tax-free, and you can take money out at any time. Each year you get : the amount you’re allowed to put in, even without an account. See how much you have left.

Your situation

In Canada since you turned 18?
Have you ever put money in a TFSA?

The result

Your result will show here

Enter your year of birth: your room builds from the year you turned 18 (2009 at the earliest).

Tell us whether you’ve ever put money in a TFSA.

Your free plan puts this answer in order with everything else (TFSA, RRSP, RESP, debts), with the amounts for your situation.

Make my free plan

Estimate based on 2026 rules and your answers. Not personalized advice.

How it works

Every year since 2009, the federal government sets a TFSA contribution limit: $7,000 in 2026. Your room builds from the year you turn 18, whether you have an account or not, and unused room adds up from year to year with no limit.

A withdrawal doesn’t cost you room: the amount is added back to your room on January 1 of the following year. Putting it back in the same year without enough room, however, creates an excess.

Newcomers build room from the year they become residents of Canada, for the full year. Years spent abroad as a non-resident don’t give any room.

An excess is taxed at 1% a month, on the highest amount in each month, for as long as it stays in the account. Growth and losses don’t change your room: an investment that doubled doesn’t create an excess.

The shows your room as of January 1 in My Account. This calculation helps you estimate it during the year, or understand where the number comes from.

Common questions

What if the age of majority is 19 in my province?

Your room still builds from the year you turn 18. You can open the account at 19 and use both years at once. The age of majority is 19 in British Columbia, New Brunswick, Nova Scotia, Newfoundland and Labrador and the three territories; it is 18 elsewhere.

Do investment losses give me room back?

No. Only withdrawals give room back, the following year, and only for the amount withdrawn. A loss inside the account can’t be recovered as room.

Does moving to another institution count as a withdrawal?

Not if the transfer goes directly from one institution to the other. If you withdraw the money yourself and deposit it elsewhere, that’s a withdrawal followed by a new deposit, which uses room.

Do TFSA withdrawals reduce my benefits?

No. They are not taxable income, so they have no effect on OAS, GIS or income-tested credits.