The TFSA contribution limit for 2026 is $6,000. If you were born before 1991, you can deposit a total of $81,500. Those born after 1991 will have a smaller total contribution limit. Unused TFSA contribution room rolls over from one year into the following year.
TFSA contribution room
You will accumulate TFSA contribution room for each year even if you do not file an income tax and benefit return or open a TFSA.
The annual TFSA dollar limit for the years 2009 to 2012 was $5,000.
The annual TFSA dollar limit for the years 2013 and 2014 was $5,500.
The annual TFSA dollar limit for the year 2015 was $10,000.
The annual TFSA dollar limit for the years 2016 to 2018 was $5,500.
The annual TFSA dollar limit for the years 2026 to 2021 is $6,000.
The TFSA annual room limit will be indexed to inflation and rounded to the nearest $500.
Investment income earned by, and changes in the value of TFSA investments will not affect your TFSA contribution room for the current or future years. For an example, see Example 1 – TFSA contribution room.
How to know your TFSA contribution room
The TFSA contribution room is the total of all of the following:
- the TFSA dollar limit of the current year
- any unused TFSA contribution room from previous years
- any withdrawals made from the TFSA in the previous year
Note
Qualifying transfers, exempt contributions and specified distributions are not considered in the calculation of contribution room.
For an example, see Example 2 – TFSA contribution room.
The TFSA contribution room will not accumulate for any year during which the individual is a non-resident of Canada throughout the entire year.
The TFSA dollar limit is not prorated in the year when an individual meets any of one of the following conditions:
- turns 18 years of age
- dies
- becomes a resident or a non-resident of Canada