TFSA annual limits since 2009
| Year | Annual limit |
|---|---|
| 2009–2012 | $5,000 |
| 2013–2014 | $5,500 |
| 2015 | $10,000 |
| 2016–2018 | $5,500 |
| 2019–2022 | $6,000 |
| 2023 | $6,500 |
| 2024–2026 | $7,000 |
If you have been eligible since 2009 and never contributed, your total room in 2026 is $109,000.
How room is worked out
Your room starts the year you turn 18 (or 2009, if later), or the year you became a Canadian resident. Each year adds that year’s limit.
From that total we subtract everything you have contributed. Withdrawals made in earlier years are added back, because withdrawn amounts create room again on January 1 of the following year.
A withdrawal this year does not give room back until January 1, 2027, so recontributing it in 2026 can create an over-contribution.
What this leaves out
- Time spent as a non-resident, during which no new room accrues.
- Qualifying transfers between TFSAs, which are not contributions or withdrawals.
- Contributions you forget to enter. Always confirm your room in CRA My Account.
- The 2027 annual limit, which the CRA sets each year from indexation.
Frequently asked questions
What is the TFSA limit for 2026?
The annual limit for 2026 is $7,000, the same as for 2024 and 2025, according to the CRA.
What if I withdraw money this year?
The withdrawn amount is added back to your room on January 1 of the following year, not immediately. Contributing it back in the same year can cause an over-contribution.
What happens if I over-contribute?
The CRA charges a tax of 1% per month on the highest excess amount in the month, until you withdraw the excess or earn new room.
I moved to Canada recently. How is my room worked out?
Your room starts in the year you became a resident (if you were 18 or older). Enter that year to start the count there.
Where do I find my actual room?
In CRA My Account, under TFSA, or by calling the CRA. Financial institutions do not track your total room across accounts.
Last updated
Related tools
Sources
How we check
The annual limits are copied from the CRA TFSA pages. The tests check that the limits for each year match that table, that the total since 2009 is the CRA’s $109,000, and that other cases (turning 18 in 2018 and 2020) match sums worked out by hand.
Limits: your own room depends on your full contribution and withdrawal history, which the tool cannot see; the CRA’s My Account is the authority. The 1% monthly tax rate is described as the CRA states it, but we did not recompute actual penalties.