How do I calculate my TFSA contribution room?

To calculate your TFSA contribution room you can use our TFSA Contribution Room Calculator.

What is my TFSA contribution room based on?

Your TFSA contribution room is based on your age, how much you've already contributed to your TFSA accounts, and how much you have withdrawn from your TFSA accounts.

January 1, 2024

2024 TFSA contribution limit set at $7,000

The 2024 Tax Free Savings Account contribution limit has increased to $7,000 for 2024. This is up from $6,500 in 2023 and $6,000 in 2022. Outside of 2015 where the yearly limit was $10,000, 2024 is the highest the limit has ever been for any given year.

TFSA FAQS

How do I calculate my TFSA contribution room?

What is my TFSA contribution room based on?