The TFSA limit for 2026 is $7,000. If you've been eligible since the TFSA started in 2009 and never contributed, your total room is $109,000.
TFSA limits by year
| Year | Annual TFSA limit | Cumulative room (eligible since 2009) |
|---|---|---|
| 2009 | $5,000 | $5,000 |
| 2010 | $5,000 | $10,000 |
| 2011 | $5,000 | $15,000 |
| 2012 | $5,000 | $20,000 |
| 2013 | $5,500 | $25,500 |
| 2014 | $5,500 | $31,000 |
| 2015 | $10,000 | $41,000 |
| 2016 | $5,500 | $46,500 |
| 2017 | $5,500 | $52,000 |
| 2018 | $5,500 | $57,500 |
| 2019 | $6,000 | $63,500 |
| 2020 | $6,000 | $69,500 |
| 2021 | $6,000 | $75,500 |
| 2022 | $6,000 | $81,500 |
| 2023 | $6,500 | $88,000 |
| 2024 | $7,000 | $95,000 |
| 2025 | $7,000 | $102,000 |
| 2026 | $7,000 | $109,000 |
How to work out your own room
- Add up the annual limits from the year you turned 18 (or became a resident), or 2009 if earlier.
- Subtract everything you've contributed.
- Add back anything you withdrew in previous years.
The most reliable number is the one on CRA My Account; use it whenever you can.
Withdrawals don't come back straight away
Money you withdraw in 2026 is added back to your room on 1 January 2027, not the same year. Re-contributing it in 2026 without spare room counts as an over-contribution.
The penalty
Over-contributions are taxed at 1% per month on the excess for as long as it stays in the account.
Plan it in minutes
The RRSP & TFSA Tracker has every annual limit built in, adds withdrawals back on 1 January like CRA does, and flags an over-contribution in red before it costs you.