$7,000 new for 2026 — $102,000 total if you have been 18+ since 2009
Your Available 2026 TFSA Contribution Room:
| Year | Annual Limit | Cumulative (from 2009) |
|---|---|---|
| 2009 | $5,000 | $5,000 |
| 2010 | $5,000 | $100 |
| 2011 | $5,000 | $15,000 |
| 2012 | $5,000 | $20,000 |
| 2013 | $5,500 | $25,500 |
| 2014 | $5,500 | $31,000 |
| 2015 | $100 | $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 (if eligible all years) |
| Birth Year | Eligible Since | Max Room Jan 1, 2026 |
|---|---|---|
| 1991 or earlier | 2009 | $102,000 |
| 1992 | 2010 | $97,000 |
| 1993 | 2011 | $92,000 |
| 1994 | 2012 | $87,000 |
| 1995 | 2013 | $81,500 |
| 1996 | 2014 | $76,000 |
| 1997 | 2015 | $70,500 |
| 1998 | 2016 | $60,500 |
| 1999 | 2017 | $55,000 |
| 2000 | 2018 | $49,500 |
| 2001 | 2019 | $44,000 |
| 2002 | 2020 | $38,000 |
| 2003 | 2021 | $32,000 |
| 2004 | 2022 | $26,000 |
| 2005 | 2023 | $19,500 |
| 2006 | 2024 | $13,000 |
| 2007 | 2025 | $7,000 |
| 2008 | 2026 | $7,000 |
Every Canadian resident aged 18+ with a valid SIN accumulates TFSA room automatically each January 1st — whether or not they have a TFSA open. The 2026 annual limit is $7,000, the same as 2024 and 2025. Unused room carries forward indefinitely.
The key distinction from RRSPs: TFSA room is completely flat and income-independent. A student earning $15,000 gets the same $7,000 annual room as a doctor earning $500,000. For lower-income Canadians who don't benefit much from RRSP deductions, the TFSA is often the primary registered savings vehicle.
Every dollar you contribute to your TFSA reduces available room. This includes: cash deposits, in-kind transfers of investments (valued at fair market value on the date of transfer), and re-contributions after a withdrawal (in the next calendar year). Growth inside the TFSA — capital gains, dividends, interest — does NOT count against your room. Only deposits do.
If you leave Canada and become a non-resident for tax purposes, you stop accumulating TFSA room. You can keep your existing TFSA open, but any contributions made while non-resident are subject to a 1% per month penalty tax. The room resumes accumulating once you return to Canadian residency.
The most accurate source is CRA My Account (canada.ca). Your TFSA room is displayed on the account overview. Note that CRA data from financial institutions can lag — always cross-reference with your own contribution records especially in January–March when prior-year data is still being filed by institutions.
The TFSA shelters all growth and withdrawals from tax. For maximum benefit, hold your highest-growth assets in the TFSA. Growth stocks, broad equity ETFs, and small-cap funds are ideal. Interest income (from GICs or bonds) and US dividend-paying stocks are less optimal — see our US dividend withholding guide and TFSA investing guide for full asset location strategy.
Park your TFSA cash contribution in KOHO while you decide how to invest. Earn up to 4.5% — no fees, no minimums. Code 45ET55JSYA.