What year were you born in?
How much have you contributed to your TFSA in total?
(maximum value $)
How much have you withdrawn from your TFSA in total before ?
How much have you withdrawn from your TFSA in ?
Results
1991
Enter a year between 1922 and 2022. 
Year when you turned 18 
2009

(maximum value $)
0
Enter an amount less than $ the current maximum lifetime contribution limit. 
0
Enter an amount less than $ the total you've contributed. 
0
Enter an amount less than $ the total you've contributed. 
TFSA contribution limit this year () 
0

TFSA contribution limit next year () 
0

TFSA Contribution Room
This Year ()
Next Year ()
The annual TFSA contribution limit for 2024 is $7,000.
Your contribution limit starts the year you turn 18 and TFSA's were introduced in 2009.
If you didn't contribute to a TFSA between 2009 and 2024 and you were at least 18 in 2009, your total contribution limit could be $95,000.
You can carry forward any unused contribution room from previous years.
If you contribute more than your total contribution room, the Canada Revenue Agency (CRA) will charge you a penalty of 1% per month on the excess amount.
Your contribution limit starts the year you turn 18 and TFSA's were introduced in 2009.
If you didn't contribute to a TFSA between 2009 and 2024 and you were at least 18 in 2009, your total contribution limit could be $95,000.
You can carry forward any unused contribution room from previous years.
If you contribute more than your total contribution room, the Canada Revenue Agency (CRA) will charge you a penalty of 1% per month on the excess amount.
Year  Annual Limit 
Cumulative Limit 
2024  $7,000  $95,000 
2023  $6,500  $88,000 
2022  $6,000  $81,500 
2021  $6,000  $75,500 
2020  $6,000  $69,500 
2019  $6,000  $63,500 
2018  $5,500  $57,500 
2017  $5,500  $52,000 
2016  $5,500  $46,500 
2015  $10,000  $41,000 
2014  $5,500  $31,000 
2013  $5,500  $25,500 
2012  $5,000  $20,000 
2011  $5,000  $15,000 
2010  $5,000  $10,000 
2009 *  $5,000  $5,000 
* TFSAs were introduced in 2009
Assumptions
The calculator assumes next year's annual TFSA contribution limit will be the same as this year's.
Disclaimer
The calculator assumes next year's annual TFSA contribution limit will be the same as this year's.
Disclaimer