TFSA Contribution Room Calculator
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Your TFSA Contribution Room:
$0
About TFSA Contribution Limits
- TFSA contribution room accumulates every year if you are 18 years of age or older and a resident of Canada.
- The TFSA contribution limit varies by year. It started at $5,000 in 2009 and has increased over time.
- Unused contribution room is carried forward to future years.
- Withdrawals from a TFSA are added back to your contribution room in the following year.
For example:- You have $6,000 of available TFSA contribution room.
- You contribute $6,000, using up all your available room.
- Your investment grows, and the value of your TFSA becomes $7,500.
- You withdraw $7,500 from your TFSA.
- For the rest of this year, you have $0 available contribution room.
- Starting next year, you will have $7,500 in regained room, plus the new annual TFSA limit (e.g., $7,000 for 2024).
Annual TFSA Contribution Limits
| Year | Contribution Limit |
|---|---|
| 2009 | $5,000 |
| 2010 | $5,000 |
| 2011 | $5,000 |
| 2012 | $5,000 |
| 2013 | $5,500 |
| 2014 | $5,500 |
| 2015 | $10,000 |
| 2016 | $5,500 |
| 2017 | $5,500 |
| 2018 | $5,500 |
| 2019 | $6,000 |
| 2020 | $6,000 |
| 2021 | $6,000 |
| 2022 | $6,000 |
| 2023 | $6,500 |
| 2024 | $7,000 |