Important Disclaimer

We strive to make our calculators as accurate as possible using the latest official data from the CRA and provincial sources. However, this calculator is for educational purposes only and should not be considered financial, tax, or legal advice. Tax rules are complex and may not reflect your exact situation. By using this calculator, you agree that results are estimates only. Please consult with a qualified financial advisor before making investment or tax decisions.

TFSA Contribution Room

Calculate your Tax-Free Savings Account contribution room and see how your investments can grow tax-free.

TFSA Information

Birth Year You must be 18+ to contribute to a TFSA

Current TFSA Balance CAD Your current TFSA account balance (including gains)

Total Contributions Made CAD Total amount you've contributed (excluding gains)

Total Withdrawals (Historical) CAD Total withdrawn in previous years (already restored to room)

Withdrawals This Year CAD Amount withdrawn in current year (adds to room next year)

Re-contribute withdrawal next year Add your withdrawal amount on top of your regular annual contribution next year

Annual Contribution CAD How much you plan to contribute each year

Match contribution to annual TFSA limit Automatically set contribution to match each year's TFSA limit as it increases

Expected Annual Return % FP Canada 2025 projects a long-term expected return of ~6.6% for an all-equity portfolio

Projection Period years How many years to project forward

Total Contribution Room

Since 2009

Remaining Room

Available to contribute

Current Balance

Total balance

Contributions Made

Your money

Investment Gains

Tax-free growth

Room Utilization

Of total room used

Contribution Room by Year

Year	Annual Limit	Status
No data yet
Total (Eligible)	$0

TFSA Growth Projection

Enter your TFSA information and click calculate to see the projection

Year-by-Year Projection

Year	Balance	Contribution	Withdrawal	Growth	New Annual Room	Remaining Room
No calculations yet

Understanding Your TFSA

Key Benefits:

Tax-free growth on investments
Tax-free withdrawals at any time
No age limit for contributions
Contribution room carries forward
No minimum withdrawal requirements

TFSA Annual Limits:

2024 Annual Limit: $7,000

2025 Annual Limit: $7,000

2026 Annual Limit: $7,000

2027 Annual Limit: $7,500

2028+ Annual Limit: Inflation-adjusted

Important Notes:

You must be 18 or older to contribute to a TFSA
Contribution room accumulates from the year you turn 18
Withdrawals add to your contribution room the following year
Over-contributing results in a 1% monthly penalty tax
TFSA room is not affected by income level