General information only — not financial advice for your situation.
This is a learning tool. Always check CRA My Account records and talk to a qualified professional for your own numbers.
Plain English
A TFSA is a savings account where the government doesn't tax the money it grows. You started getting room to put money in when you turned 18, which was 2013 for you. Every year since then, the government has added some room. Add it all up and you have $89,000 of room as of 2026.
Say you've never had a TFSA. You could open one tomorrow and put $89,000 in. If you've already put some money in, subtract that from $89,000. If you took some money out in a past year, that gets added back to your room on January 1 of the year after the withdrawal.
Show the math
Sum of annual TFSA dollar limits from year-of-eligibility (2013) through current year (2026): $5,500 + $5,500 + $10,000 + $5,500 + $5,500 + $5,500 + $6,000 + $6,000 + $6,000 + $6,000 + $6,500 + $7,000 + $7,000 + $7,000 = $89,000
Caveats
- Assumes Canadian residency every year since turning 18
- Years spent as a non-resident don't accrue room
- Past contributions reduce available room; past withdrawals add back next calendar year
- CRA's My Account is the official record but can lag financial institution reporting by 2-3 months
- Foreign currency contributions are converted to CAD at transaction date
TFSA room calculator
Based on annual CRA TFSA limits. CRA My Account is the official record.
Year-by-year room
| Year | Annual limit | Cumulative room |
|---|---|---|
| 2013 | $5,500 | $5,500 |
| 2014 | $5,500 | $11,000 |
| 2015 | $10,000 | $21,000 |
| 2016 | $5,500 | $26,500 |
| 2017 | $5,500 | $32,000 |
| 2018 | $5,500 | $37,500 |
| 2019 | $6,000 | $43,500 |
| 2020 | $6,000 | $49,500 |
| 2021 | $6,000 | $55,500 |
| 2022 | $6,000 | $61,500 |
| 2023 | $6,500 | $68,000 |
| 2024 | $7,000 | $75,000 |
| 2025 | $7,000 | $82,000 |
| 2026 | $7,000 | $89,000 |
Keep exploring
About this site
Every number on this site is sourced from CRA publications, the Income Tax Act, or provincial fiscal releases. We show the math, cite the sources, and never tell you what to do with your money.